In the last three months, 7 analysts have published ratings on Steel Dynamics STLD, offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 0 | 4 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 3 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 1 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $135.29, a high estimate of $155.00, and a low estimate of $120.00. This current average reflects an increase of 3.61% from the previous average price target of $130.57.
Diving into Analyst Ratings: An In-Depth Exploration
An in-depth analysis of recent analyst actions unveils how financial experts perceive Steel Dynamics. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Lawson Winder | B of A Securities | Raises | Buy | $155.00 | $140.00 |
| Carlos De Alba | Morgan Stanley | Lowers | Equal-Weight | $131.00 | $138.00 |
| Katja Jancic | BMO Capital | Lowers | Market Perform | $127.00 | $135.00 |
| Bill Peterson | JP Morgan | Raises | Neutral | $131.00 | $120.00 |
| Curt Woodworth | UBS | Raises | Buy | $145.00 | $129.00 |
| Carlos De Alba | Morgan Stanley | Raises | Equal-Weight | $138.00 | $134.00 |
| Bill Peterson | JP Morgan | Raises | Underweight | $120.00 | $118.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Steel Dynamics. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Steel Dynamics compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Steel Dynamics's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Steel Dynamics's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Steel Dynamics analyst ratings.
Discovering Steel Dynamics: A Closer Look
Steel Dynamics Inc operates scrap-based steel minimills with roughly 16 million tons of annual steel production capacity. The company's segment includes steel operations, metals recycling operations, steel fabrication operations, Aluminum Operations Segment, and others. It generates maximum revenue from the steel operations segment.
Steel Dynamics: Delving into Financials
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Negative Revenue Trend: Examining Steel Dynamics's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -8.84% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.
Net Margin: Steel Dynamics's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 9.24%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Steel Dynamics's ROE excels beyond industry benchmarks, reaching 4.7%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Steel Dynamics's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.84% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Steel Dynamics's debt-to-equity ratio is below the industry average at 0.33, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Core of Analyst Ratings: What Every Investor Should Know
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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