They now have a Dollars 43 price target on the stock. Macquarie cut shares of Steel Dynamics from an outperform rating to a neutral rating and set a $35.00 target price for the company.in a report on Tuesday, November 29th. Deutsche Bank AG upped their target price on Steel Dynamics from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, March 21st.
The stock increased 1.80% or $0.4 during the last trading session, reaching $22.61. Also, the Hold rating count is 13 as of 04/19/17. A ratio above one indicates an increase in share price over the period.
Shares of Steel Dynamics, Inc.
Millett says the company believes conditions are in place to benefit the domestic steel industry over the next year, including additional growth in the construction sector, specifically for larger, public sector infrastructure projects.
Steel Dynamics, Inc. has a 50 day moving average of 34.99 and a 200 day moving average of 33.30.
The company reported an impressive total revenue of 7.78 Billion in the last fiscal year. The company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.88 billion.
In the profitability analysis, net profit margin of the firm was recorded at 4.90% and operating profit margin was calculated at 9.40% while gross profit margin was measured as 17.20%. Steel Dynamics's revenue was up 20.1% compared to the same quarter a year ago. They expect $0.47 earnings per share, down 38.16% or $0.29 from last year's $0.76 per share. On average, analysts anticipate that Steel Dynamics, Inc. will post $2.75 EPS for the current year. If you are viewing this story on another site, it was copied illegally and reposted in violation of US and global trademark & copyright laws. The stock of Steel Dynamics, Inc.
(NASDAQ/GS: STLD) announced that, effective at 2:00 PM Eastern Daylight Time on Monday, April 17, 2017, the Securities Exchange Commission declared effective its previously filed Form S-4 Registration Statement for the exchange of up to $400.0 million aggregate principal amount of its newly issued 5.000% Senior Notes due 2026 (the "Exchange Notes"), that have now been registered under the Securities Act of 1933, as amended (the "Securities Act"), for like principal amounts of any or all of its unregistered outstanding 5.000% Senior Notes due 2026 (the "Old Notes"), issued on December 6, 2016.
Since November 1, 2016, it had 0 buys, and 2 selling transactions for $5.05 million activity.
03/20/2017 - Steel Dynamics, Inc. had its " rating reiterated by analysts at CFRA Research. The firm earned "Buy" rating on Friday, March 10 by Compass Point. If a company has a PEG Ratio above one, it may represent that the company is overvalued.
Several sell side analysts reviewed their recommendations on Steel Dynamics Inc. In terms of recent volatility, the average for the month is 3.31% and 3.03% for the past week. About shares traded. Fly Leasing Ltd (ADR) (NYSE:FLY) has risen 5.93% since September 8, 2016 and is uptrending. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Other hedge funds have also recently modified their holdings of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 99,624 shares of the company's stock valued at $100,000 after buying an additional 96,824 shares during the last quarter. FMR LLC boosted its stake in Steel Dynamics by 213.7% in the fourth quarter.
6 number of analysts have estimated the sales of the company for the quarter ending April 18, 2017- April 24, 2017, analysts estimated mean sale target of 2259.94 million while high and low sale targets are estimated at 2363 million and 2102 million respectively. Raymond James Trust N.A. raised its stake in Steel Dynamics by 27.4% in the first quarter. BlackRock Fund Advisors raised its position in Steel Dynamics by 4.4% in the third quarter.
The volume of the particular stock is the shares bought and sold in a single trading day.