Steel Dynamics Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)
Portfolio Pulse from Benzinga Insights
Steel Dynamics (NASDAQ:STLD) has received mixed analyst ratings in the last three months, with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target for STLD has been raised to $129.25, reflecting a 12.39% increase from the previous target. Analysts from JP Morgan, BMO Capital, Citigroup, and UBS have adjusted their ratings and price targets, indicating varied expectations for the company's performance. Despite facing revenue challenges with a -12.28% decline over the past three months, Steel Dynamics maintains strong profitability metrics, including a net margin of 10.02% and an ROE of 4.78%.
April 16, 2024 | 7:03 pm
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NEUTRAL IMPACT
Steel Dynamics has seen a recent bearish shift in analyst ratings, with a notable increase in its average 12-month price target to $129.25. Despite a revenue decline, the company's profitability and financial health indicators remain strong.
The mixed analyst ratings with a recent bearish shift could create uncertainty, leading to a neutral short-term impact on STLD's stock price. However, the increase in the average price target and strong financial health indicators could counterbalance the negative aspects, supporting a stable outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100