What Analysts Are Saying About Steel Dynamics Stock
Portfolio Pulse from Benzinga Insights
Steel Dynamics (NASDAQ:STLD) has been evaluated by 4 analysts over the last three months, showing a shift towards a more cautious stance with 3 indifferent ratings in the last 30 days compared to 1 bullish rating a month ago. The average 12-month price target for STLD has been raised to $129.75, marking an 8.12% increase from the previous target of $120.00. The company operates scrap-based steel minimills and has faced a -12.28% decline in revenue growth as of December 31, 2023, but maintains strong profitability indicators such as a net margin of 10.02%, ROE of 4.78%, and ROA of 2.84%.
March 18, 2024 | 1:00 pm
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Steel Dynamics has seen a cautious shift in analyst ratings with an updated average price target of $129.75. Despite a recent revenue decline, the company's profitability and financial health indicators remain robust.
The increase in the average price target to $129.75 reflects a positive outlook from analysts despite the recent revenue decline. The company's strong profitability metrics, such as net margin, ROE, and ROA, alongside a healthy debt-to-equity ratio, suggest a solid financial foundation that could support stock price growth in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100