Evaluating Steel Dynamics: Insights From 4 Financial Analysts
Portfolio Pulse from Benzinga Insights
Steel Dynamics (NASDAQ:STLD) received mixed ratings from 4 financial analysts, with 3 indifferent and 1 somewhat bearish over the last quarter. The average 12-month price target is $111.25, up from $104.67, with a high of $120.00 and a low of $98.00. Analysts from UBS, JP Morgan, and Morgan Stanley have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Despite a revenue decline of -18.84% for the quarter ending September 30, 2023, Steel Dynamics has a strong net margin of 12.58%, an ROE of 6.56%, an ROA of 3.92%, and a low debt-to-equity ratio of 0.35.
January 24, 2024 | 4:00 pm
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NEUTRAL IMPACT
Steel Dynamics received mixed analyst ratings, with an updated average price target of $111.25, indicating a potential upside. The company's strong profitability metrics may counterbalance the negative impact of a recent revenue decline.
The mixed analyst ratings with a slight increase in the average price target suggest a neutral short-term impact on STLD's stock price. The strong net margin, ROE, and ROA, along with a low debt-to-equity ratio, indicate good financial health, which could reassure investors despite the recent revenue decline. The score is neutral due to the balance between positive financial health indicators and the negative revenue growth.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100