Media stories about Steel Dynamics (NASDAQ:STLD) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Steel Dynamics earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.4129017151276 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Steel Dynamics, Inc. (STLD): Analyzing Basic Trading Data – Market Movers (financialqz.com)
- Varying Stocks: Steel Dynamics, Inc., (NASDAQ: STLD), Corcept Therapeutics Incorporated, (NASDAQ: CORT … – Stocks In The News (press release) (tradingnewsnow.com)
- 2 Top Steel Stocks to Consider Buying Now — and 2 to Avoid – Motley Fool (fool.com)
- Zacks: Analysts Expect Steel Dynamics, Inc. (STLD) Will Announce Quarterly Sales of $2.15 Billion (americanbankingnews.com)
- Steel Dynamics, Inc. (NASDAQ: STLD) – Important Factors to Analyse A Good Investment – Alpha Beta Stock (alphabetastock.com)
Steel Dynamics (STLD) traded down $0.06 during midday trading on Tuesday, reaching $40.64. The company had a trading volume of 2,117,593 shares, compared to its average volume of 3,074,154. The firm has a market capitalization of $9,643.94, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. Steel Dynamics has a 1-year low of $32.15 and a 1-year high of $41.10. The company has a quick ratio of 1.95, a current ratio of 3.35 and a debt-to-equity ratio of 0.80.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.62 dividend on an annualized basis and a yield of 1.53%. Steel Dynamics’s dividend payout ratio (DPR) is currently 28.57%.
STLD has been the subject of several research analyst reports. Bank of America upped their price target on shares of Steel Dynamics from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Cowen set a $43.00 price target on shares of Steel Dynamics and gave the stock a “buy” rating in a report on Friday, October 20th. Citigroup upped their price target on shares of Steel Dynamics from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Jefferies Group restated a “buy” rating and issued a $43.00 price objective on shares of Steel Dynamics in a report on Thursday, August 31st. Finally, KeyCorp restated a “buy” rating and issued a $44.00 price objective on shares of Steel Dynamics in a report on Friday, November 24th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $41.70.
Steel Dynamics Company Profile
Steel Dynamics, Inc is a steel producing and a metal recycling company. The Company 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.
Receive News & Ratings for Steel Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steel Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.