Steel Dynamics (NASDAQ:STLD) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.
Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Steel Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine lowered Steel Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Jefferies Group reiterated a “buy” rating and issued a $53.00 price target on shares of Steel Dynamics in a research report on Thursday, January 11th. Cowen set a $43.00 price target on Steel Dynamics and gave the company a “buy” rating in a research report on Monday, December 18th. Finally, Bank of America set a $51.00 price objective on Steel Dynamics and gave the stock a “buy” rating in a research report on Monday, January 8th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Steel Dynamics presently has an average rating of “Buy” and a consensus price target of $43.71.
Steel Dynamics (NASDAQ:STLD) opened at $46.57 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.35 and a quick ratio of 1.95. Steel Dynamics has a 1 year low of $32.15 and a 1 year high of $47.85. The firm has a market capitalization of $11,030.00, a price-to-earnings ratio of 21.46, a P/E/G ratio of 1.06 and a beta of 1.40.
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About Steel Dynamics
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.
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