Economy

Steel Dynamics, Inc. (STLD) Rating Increased to Buy at KeyCorp

Research analysts at Jefferies Group issued their FY2017 earnings per share estimates for shares of Steel Dynamics in a note issued to investors on Tuesday.

Steel Dynamics shares have climbed slightly more than 2 percent since the beginning of the year. Finally, Bank of America Corporation upped their price target on Steel Dynamics from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Friday, July 21st. According to their predictions high & low revenue estimates are 2.37 Billion and 2.12 Billion respectively.

A number of other brokerages have also recently commented on STLD. Zacks Investment Research upgraded Steel Dynamics from a "sell" rating to a "hold" rating in a research note on Wednesday, July 26th.

Steel Dynamics Inc. (NASDAQ:STLD) touched its 1-Year High price of $40.17 on 12/08/16 and its 1-Year Low price of $24.00 on 10/20/16. Clarkson Capital restated a "neutral" rating on shares of Steel Dynamics in a research report on Thursday, July 20th. 5 of them rate its stock a hold. (NASDAQ:STLD), 4 rate it "Buy", 4 "Outperform", 5 "Underperform", 0 "Sell", while 0 "Hold". Analysts monitor insider data to understand the sentiment of a company's largest and most important shareholders. The stock now has an average rating of "Buy" and a consensus price target of $40.84. Of the analysts surveyed by Reuters that track Steel Dynamics, Inc. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of US and worldwide copyright & trademark law. Rosenblatt downgraded Steel Dynamics, Inc.

Shares of Steel Dynamics (NASDAQ:STLD) opened at 36.44 on Thursday. Steel Dynamics Inc. had 57 analyst reports since July 22, 2015 according to SRatingsIntel. The company has a market cap of $8.13 billion, a PE ratio of 75.11 and a beta of 1.33. The company has a 50-day moving average price of $34.63 and a 200 day moving average price of $34.96. (NASDAQ:STLD) has an average volume of 2.73 Million.

The company is up by 0.75%% since yesterday's close of 36.17. Steel Dynamics had a net margin of 5.79% and a return on equity of 21.61%. The company's revenue for the quarter was up 16.3% on a year-over-year basis.

Recent trading patterns in the stock of Steel Dynamics, Inc. The Speece Thorson Capital Group Inc holds 322,001 shares with $14.20 million value, down from 378,002 last quarter. The average investment rating for STLD on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 4.17 or a Moderate Buy. The ex-dividend date of this dividend was Thursday, September 28th. This dividend represents a yield of $1.78.

Steel Dynamics Inc.'s insider ownership stands at 2.7 percent, while its insider transaction is -0.17 percent. The stock was sold at an average price of $38.05, for a total value of $191,049.05.

1st Global Advisors Inc. trimmed its position in shares of Steel Dynamics, Inc. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

In related news, Director Keith E. Busse sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 1st.

A total of 3.98 Billion shares exchanged at hands and its average trading volume is standing at 2.75 Million shares. Following the transaction, the insider now directly owns 26,778 shares of the company's stock, valued at approximately $1,018,902.90. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STLD. Analysts mean recommendation for the stock is 2.20. The stock's quarterly performance indicates a negative momentum of -3.32 percent, whereas its last one month trend is optimistic with 7.72 percent. Prudential Financial Inc. now owns 4,079,525 shares of the basic materials company's stock worth $146,088,000 after purchasing an additional 727,722 shares in the last quarter. Steel Dynamics now has a consensus rating of "Buy" and a consensus price target of $40.63. The institutional investor owned 9,740 shares of the basic materials company's stock after selling 8,237 shares during the period. State Street Corp raised its stake in shares of Steel Dynamics by 17.9% during the 2nd quarter.

In deciding what to focus on - in a stock, say - a typical day trader looks for three things: liquidity, volatility and trading volume.

Steel Dynamics, Inc.is maintained at an average outperform rating by 13 stock analysts, and there are at least 3.83% of shares outstanding that are now legally short sold.



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