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Steel Dynamics (STLD) Stock Forecast & Price Target

Steel Dynamics logo
$146.94 +2.90 (+2.01%)
(As of 02:22 PM 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

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
-1.81% Downside
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 downside of -1.81% from the current price of $146.94.
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STLD Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
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-1.81% Downside9.47% Upside14.28% Upside-1.61% Downside
Consensus Rating
Hold
Hold
Hold
Hold

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.
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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.
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Steel Dynamics Stock vs. The Competition

TypeSteel DynamicsBasic Materials CompaniesS&P 500
Consensus Rating Score
2.43
2.76
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-1.81% Downside120.57% Upside8.50% Upside
News Sentiment Rating
Positive News

See Recent STLD News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/18/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$129.00 ➝ $134.00-1.99%
10/18/2024BMO Capital Markets
4 of 5 stars
 Boost TargetMarket Perform ➝ Market Perform$130.00 ➝ $135.00-0.78%
10/1/2024Bank of America
4 of 5 stars
 UpgradeNeutral ➝ Buy$140.00 ➝ $155.00+22.94%
9/18/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$138.00 ➝ $131.00+14.42%
9/3/2024UBS Group
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C. Woodworth
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UpgradeNeutral ➝ Buy$129.00 ➝ $145.00+26.08%
5/20/2024Jefferies Financial Group
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 Initiated CoverageHold$150.00+12.00%
3/13/2024Citigroup
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 Boost TargetBuy ➝ Buy$130.00 ➝ $160.00+14.45%
7/5/2023BNP Paribas
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 DowngradeOutperform ➝ Neutral$102.00-7.93%
4/21/2023Credit Suisse Group
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 Boost TargetOutperform$106.00 ➝ $115.00+3.18%
1/27/2023The Goldman Sachs Group
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 DowngradeBuy ➝ 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 Thursday at 02:41 PM 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 Friday, November 8, 2024. Please send any questions or comments about these Steel Dynamics pros and cons to contact@marketbeat.com.

Steel Dynamics
Bull Case

green Wall Street bull icon

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

  • Steel Dynamics, Inc. stock price is currently at $128.22, showing stability and potential for growth in the future.
  • Steel Dynamics reported a return on equity of 22.89% in the last quarter, indicating strong profitability.
  • The company has a dividend yield of 1.47%, providing investors with a steady income stream.
  • Steel Dynamics has a market capitalization of $20.15 billion, reflecting its size and stability in the market.
  • Analysts have set a target price of $142.71 for Steel Dynamics, suggesting potential upside for investors.

Steel Dynamics
Bear Case

red Wall Street bear icon

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

  • Steel Dynamics' revenue was down 8.8% compared to the same quarter last year, indicating a decline in sales.
  • The company's stock price has traded down 0.7% recently, showing short-term volatility.
  • Steel Dynamics' P/E ratio of 8.84 may suggest the stock is currently overvalued compared to industry peers.
  • The company's debt-to-equity ratio of 0.25 may raise concerns about its financial leverage.
  • Steel Dynamics has a beta of 1.31, indicating higher volatility compared to the market average.

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 research 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 research 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 downside of -1.81% 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.


This page (NASDAQ:STLD) was last updated on 11/21/2024 by MarketBeat.com Staff
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