Analyst Ratings for Steel Dynamics Inc. (STLD)

Updated: 2017-07-26

An average rating of Buy has been given to Steel Dynamics Inc. (NASDAQ:STLD) by analysts covering the stock. About 30 days ago, STLD was issued an average rating of Buy.

13 analysts declared STLD a buy, 0 gave an overweight rating, 2 gave a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for STLD. The most optimistic price target was 48, implying a possible profit of 32.74 percent. The most pessimistic analyst gave a price target of 21, implying a possible loss of -41.92 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -2 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 2.02 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -5.2 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, while 3 analysts made negative revisions. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.

Analysts estimate earnings of STLD to grow at a rate of 23.14 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of STLD is 0.72.

STLD has a 52-week high of 40.17 and a 52-week low of 22.79. Currently the stock is 58.67 percent higher than its low, and below the high by 9.98 percent. STLD has a price/earnings ratio of 16.71. Investors typically compare the P/E ratio to a company's peers in the industry. The STLD value stock report compares STLD to some of its peers using value stock charts. The market cap of STLD is $9.21 billion. STLD is estimated to release their earnings results for the quarter on 0000-00-00, days from today.