Steel Dynamics (STLD) Stock Forecast & Price Target

$133.65

+3.15 (+2.41%)

(As of 11/1/2024 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
7.96% 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 7.96% from the current price of $133.65.

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STLD Analyst Ratings Over Time

Type	Current Forecast 11/3/23 to 11/2/24	1 Month Ago 10/4/23 to 10/3/24	3 Months Ago 8/5/23 to 8/4/24	1 Year Ago 11/3/22 to 11/3/23
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	$142.71	$133.86	$110.89
Forecasted Upside	7.96% Upside	11.90% Upside	10.37% Upside	-0.88% 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	2.75	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	7.96% Upside	109.19% Upside	10.61% Upside
News Sentiment Rating	Positive News See Recent STLD News	Neutral 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%
Get the Latest News and Ratings for STLD and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Steel Dynamics and its competitors with MarketBeat's FREE daily newsletter.
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 Saturday at 06:24 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 Saturday, October 26, 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.:

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

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 upside of 7.96% 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 11/2/2024 by MarketBeat.com Staff

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Steel Dynamics (STLD) Stock Forecast & Price Target