Today there are 243,761,000 shares in issue of Steel Dynamics, Inc. which are now trading at 24.79 which brings the business’s market capitalisation to 6.04B Dollars. Its down -0.08, from 1.47 in 2015Q4.
Advertisement
While looking at the Stock’s Performance, Steel Dynamics, Inc. now shows a Weekly Performance of -1.98%, where Monthly Performance is -4.98%, Quarterly performance is 6.4%, 6 Months performance is 36.7% and yearly performance percentage is 29.16%. The Company operates in three segments: steel operations metals recycling and ferrous resources operations and steel fabrication operations. Sold All: 32 Reduced: 91 Increased: 130 New Position: 51. The funds in our partner’s database now hold: 188.47 million shares, up from 185.90 million shares in 2015Q4. Steel Dynamics, Inc. (NASDAQ:STLD)’s highest estimates of price target are $35.00 and low forecast is $25.00 based on the opinion of 14 analysts. For the reporting quarter, equity analysts expect the stock to deliver $0.71 in earnings per share (EPS). STLD’s profit will be $174.90M for 8.66 P/E if the $0.71 EPS becomes a reality.
Earnings Roundup: In the last fiscal quarter alone, Steel Dynamics Inc. generated almost $2.02B in sales and net income of $0.58/share.
Zacks Investment Research ranks Steel Dynamics (STLD) as 3, which is a Hold recommendation. “The company’s customers consist of intermediate steel processors, steel service centers and end users including manufacturers of cold-rolled strip, oil and gas transmission pipe, and mechanical and structural tubing”. Pyrrho Capital Management Lp owns 100,500 shares or 3.18% of their USA portfolio. The company confirmed that it will disburse $0.14 per share as dividend to stakeholders. The Stock now has a Weekly Volatility of 2.36% and Monthly Volatility of 2.26%. The stock’s average target of $26.54 is 7.89% above today’s ($24.6) share price. The average broker rating of 10 research analysts is 1.7, which indicates as a Buy.
Ratings analysis reveals 75% of Steel Dynamics’s analysts are positive. However the company observed 52 week high price on 07/18/16 and witnessed 52 week low price on 01/20/16. STLD was included in 28 notes of analysts from September 1, 2015. Steel Dynamics has an average rating of Buy and an average target price of $28.02. Barclays Capital maintained STLD’s stock on a July 13. Finally, Credit Suisse Group AG increased their price objective on Steel Dynamics from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 8th.
Advertisement
In the a year ago Steel Dynamics, Inc.’s stock price has increased by 0% from 0.00 to 24.79.
