Boosts Steel Dynamics, Inc. (STLD) Price Target to $44.00
Boosts Steel Dynamics, Inc. (STLD) Price Target to $44.00
21 April, 2017, 05:27
Among 14 analysts covering Steel Dynamics Inc. (STLD) where 5 analyst have rated the stock as Strong Buy, 5 analysts said it's a Buy, 4 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. Macquarie reissued a neutral rating on shares of Steel Dynamics in a research note on Monday, March 20th. (NASDAQ:STLD). Department Mb Commercial Bank N A holds 0% or 335 shares in its portfolio. Finally, Barclays PLC set a $40.00 target price on shares of Steel Dynamics and gave the company a buy rating in a report on Sunday, January 29th. The institutional investor owned 14,090 shares of the company's stock after selling 960 shares during the period. In terms of recent volatility, the average for the month is 3.31% and 3.03% for the past week. After a recent check, company stock has been trading near the $32.62 mark. The last session's volume of 3.15 million shares was higher than its average volume of 2.81 million shares. The share price has moved backward from its 20 days moving average -5.15% and negatively from its 50 days moving average -6.49%.
Steel Dynamics Inc. (STLD) has a market capitalization of 7.98 Billion which suggests the company is a huge company further suggesting that the shares of Steel Dynamics Inc. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 32.59% since September 8, 2016 and is uptrending.
Equity research analysts have provided views on where they believe Steel Dynamics, Inc. After $0.23 actual EPS reported by National Research Corp for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.19 billion. In contrast to the year ago quarter EPS was at 0.46. 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 business also recently disclosed a quarterly dividend, which was paid on Monday, April 10th. Stockholders of record on Friday, March 31st were issued a $0.155 dividend. Cibc Asset Inc holds 0.01% of its portfolio in Steel Dynamics, Inc. This represents a $0.62 annualized dividend and a yield of 1.90%.
Alpha Windward LLC decreased its position in Steel Dynamics, Inc.
In related news, Director Richard P. Teets, Jr. sold 140,295 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $35.64, for a total transaction of $5,000,113.80.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. Banced Corp now owns 9,487 shares of the company's stock valued at $330,000 after buying an additional 785 shares during the last quarter. Peregrine Capital Management LLC now owns 674,825 shares of the company's stock worth $23,173,000 after buying an additional 45,806 shares in the last quarter. Banced Corp boosted its stake in Steel Dynamics by 9.0% in the first quarter. Soros Fund Management LLC now owns 47,369 shares of the basic materials company's stock worth $1,685,000 after buying an additional 30,373 shares during the period. The company's steel production utilization rate was 95 percent in the first quarter 2017, contrast to 81 percent in the sequential fourth quarter and contrast to the domestic industry utilization rate of 75 percent. The stock touched its high share price of $39.84 on 12/08/16 and the stock also touched its Lowest price in the last 52-weeks of trading on 05/19/16 as $22.18. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Steel Dynamics by 3,458.0% in the fourth quarter.
ILLEGAL ACTIVITY WARNING: "Steel Dynamics, Inc". The Firm is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.
The total turnover on BSE amounted to Rs 4,028.59 crore, higher than Rs 3,364.37 crore registered during the previous session. Among other Asian markets, Hong Kong's Hang Seng was down 0.72% while Japan's Nikkei shed 0.09% in early trade.
Heading into the stock price potential, KEMET Corporation needs to grow just 4.63% to cross its median price target of $11.75. Louisiana State Employees Retirement System increased its position in WisdomTree Investments by 66.1% in the first quarter.
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