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.
Several price targets were given for STLD by the analysts covering the stock. The highest price target was 48, implying potential capital gains of 32.74 percent. The lowest price target was 21, implying potential capital losses of -41.92 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -2 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 2.02 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -5.2 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 3 analysts that decreased their estimates. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of STLD to grow at a rate of 23.14 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. STLD has a PEG ratio of 0.72.
In the trailing 52-weeks, STLD hit 40.17 at the highest peak, while it's lowest trading point was 22.79. Currently the stock is 58.67 percent higher than its low, and 9.98 percent below the high. 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's next earnings release will be on 0000-00-00, which is days away.