Steel Dynamics (STLD) Stock Forecast & Price Target

$143.57 -1.39 (-0.96%)

(As of 11/22/2024 ET)

Steel Dynamics - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 7 Analyst Ratings

Sell
0

Hold
4

Buy
3

Based on 7 Wall Street analysts who have issued ratings for Steel Dynamics in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 4 have given a hold rating, and 3 have given a buy rating for STLD.

Consensus Price Target

$144.29
0.50% Upside

According to the 7 analysts' twelve-month price targets for Steel Dynamics, the average price target is $144.29. The highest price target for STLD is $160.00, while the lowest price target for STLD is $131.00. The average price target represents a forecasted upside of 0.50% from the current price of $143.57.

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STLD Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$144.29	$144.29	$138.14	$110.89
Forecasted Upside	0.50% Upside	11.35% Upside	13.78% Upside	-0.55% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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STLD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

STLD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Steel Dynamics Stock vs. The Competition

Type	Steel Dynamics	Basic Materials Companies	S&P 500
Consensus Rating Score	2.43	2.76	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	0.50% Upside	117.26% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent STLD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/18/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$129.00 ➝ $134.00	-1.99%
10/18/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Market Perform ➝ Market Perform	$130.00 ➝ $135.00	-0.78%
10/1/2024	Bank of America 4 of 5 stars		Upgrade	Neutral ➝ Buy	$140.00 ➝ $155.00	+22.94%
9/18/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$138.00 ➝ $131.00	+14.42%
9/3/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Woodworth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$129.00 ➝ $145.00	+26.08%
5/20/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$150.00	+12.00%
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3/13/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$130.00 ➝ $160.00	+14.45%
7/5/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$102.00	-7.93%
4/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$106.00 ➝ $115.00	+3.18%
1/27/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$114.00 ➝ $118.00	-2.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 05:53 AM ET.

Should I Buy Steel Dynamics Stock? STLD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these Steel Dynamics pros and cons to contact@marketbeat.com.

Steel Dynamics
Bull Case

Here are some ways that investors could benefit from investing in Steel Dynamics, Inc.:

The stock is currently trading at $136.96, which reflects a strong market presence and potential for growth.
Steel Dynamics, Inc. reported a quarterly EPS of $2.05, exceeding the consensus estimate of $1.98, indicating strong profitability and operational efficiency.
Recent upgrades from analysts, including a price target increase from Bank of America to $155.00, suggest positive market sentiment and potential for stock appreciation.
Institutional ownership is high at 82.41%, which often indicates confidence from large investors in the company's future performance.
The company has a solid financial position with a low debt-to-equity ratio of 0.31, suggesting it is not overly reliant on debt for financing, which can reduce financial risk.

Steel Dynamics
Bear Case

Investors should be bearish about investing in Steel Dynamics, Inc. for these reasons:

Recent insider selling, including a significant sale by SVP Glenn Pushis, may raise concerns about the company's future prospects and insider confidence.
The stock has experienced a decline of 3.5% recently, which could indicate volatility and potential challenges in maintaining its market position.
Analysts have mixed ratings, with four holding a "hold" rating, suggesting uncertainty about the stock's short-term performance.
Despite strong earnings, the market capitalization of $20.85 billion and a price-to-earnings ratio of 12.84 may indicate that the stock is fairly valued, limiting upside potential.
Steel Dynamics, Inc. operates in a cyclical industry, which can be sensitive to economic downturns, potentially impacting revenue and profitability during economic slowdowns.

STLD Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Steel Dynamics is $144.29, with a high forecast of $160.00 and a low forecast of $131.00.
: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" STLD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STLD, but not buy additional shares or sell existing shares.
: According to analysts, Steel Dynamics's stock has a predicted upside of 0.50% based on their 12-month stock forecasts.
: Over the previous 90 days, Steel Dynamics's stock had 3 upgrades by analysts.
: Steel Dynamics has been rated by research analysts at Bank of America, BMO Capital Markets, JPMorgan Chase & Co., Morgan Stanley, and UBS Group in the past 90 days.
: Analysts like Steel Dynamics less than other "basic materials" companies. The consensus rating for Steel Dynamics is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how STLD compares to other companies.

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This page (NASDAQ:STLD) was last updated on 11/25/2024 by MarketBeat.com Staff

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Steel Dynamics (STLD) Stock Forecast & Price Target