Steel Dynamics, Inc. (STLD) Given Consensus Recommendation of "Buy" by Brokerages


The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 15.87 and a beta of 1.23. Owl Creek Asset Management Lp who had been investing in Servicemaster Global Hldgs I for a number of months, seems to be bullish on the $5.90B market cap company.

Since May 19, 2017, it had 0 insider buys, and 2 selling transactions for $55,420 activity. Royal Retail Bank Of Canada reported 0.02% in Steel Dynamics, Inc. It has underperformed by 40.01% the S&P500. Ontario - Canada-based Mackenzie Financial has invested 0.08% in Steel Dynamics, Inc. Bw Gestao De Investimentos Ltda sold 250,000 shares as the company's stock declined 7.91% while stock markets rallied. Steel Dynamics had a ROE of 21.75% and a net profit margin of 6.07%. the business reported sales of $2.39 B for the period end, compared with brokerage expectations of $2.37 B. for the same period in the prior year, the business reported $0.58 Earnings Per Share.

The company now has a P/E ratio of 16.05 and the market cap is 8.38B.

The stock's quarterly performance set out a shift of 2.87% and pick out performance of 35.85% over last twelve months. According to these analysts, the Low Revenue Estimate for Steel Dynamics 2.27 Billion and the High Revenue Estimate is 2.49 Billion. Steel Dynamics, Inc. (STLD) has risen 44.39% since August 8, 2016 and is uptrending. It has outperformed by 27.69% the S&P500.The move comes after 8 months negative chart setup for the $8.39 billion company. Following the completion of the sale, the director now directly owns 1,005,666 shares of the company's stock, valued at $38,637,687.72. Wealth Enhancement Advisory Services LLC acquired a new stake in Steel Dynamics during the first quarter valued at $798,000.

Investors sentiment increased to 0.96 in 2016 Q4. Its up 0.89, from 0.9 in 2016Q3. It improved, as 28 investors sold STLD shares while 162 reduced holdings. 9 funds opened positions while 16 raised stakes. 201.62 million shares or 6.17% more from 189.89 million shares in 2016Q3 were reported. Union Bancshares Corp reported 12,615 shares or 0.17% of all its holdings.

07/21/2017 - Steel Dynamics, Inc. had its "buy" rating reiterated by analysts at Jefferies. (NASDAQ:STLD) for 921 shares.

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MagneGas Corporation is an alternative energy company. Alliancebernstein L P stated it has 262,062 shares or 0.01% of all its holdings. Cantab Cap Prtn Llp holds 6,803 shares. Barclays Plc owns 7,000 shares or 0% of their USA portfolio. Wall Street Associate holds 150,000 shares or 0.6% of its portfolio. Dimensional Fund Advisors LP boosted its position in shares of Steel Dynamics by 4.4% in the second quarter.

Dynamic Capital Management Ltd increased Steel Dynamics Inc (STLD) stake by 117.78% reported in 2016Q4 SEC filing. Nuveen Asset Management Llc holds 0.08% or 420,550 shares in its portfolio.

The good news is there's still room for Steel Dynamics, Inc. For STLD, the company now has 908.84 million of cash on the books, which is offset by 19.97 million in current liabilities. Therefore 80% are positive. Analysts anticipate that Steel Dynamics, Inc. will post $2.83 EPS for the current fiscal year. The firm has "Neutral" rating by Rosenblatt given on Tuesday, May 10. (NASDAQ:STLD) on Monday, December 5 with "Buy" rating. Steel Dynamics presently has an average rating of "Buy" and a consensus target price of $39.79. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company.

6/19/2017 - Steel Dynamics had its "buy" rating reaffirmed by analysts at Berenberg Bank. Jefferies maintained Steel Dynamics, Inc. (NASDAQ:STLD) for 1.00M shares. (NASDAQ:STLD). Panagora Asset Management holds 0.24% in Steel Dynamics, Inc. (NASDAQ:STLD), 12 have Buy rating, 0 Sell and 3 Hold. Moreover, Paloma Prtnrs Mgmt Com has 0.02% invested in Steel Dynamics, Inc.

In other Steel Dynamics news, Director Keith E. Busse sold 4,965 shares of the company's stock in a transaction on Tuesday, July 25th. The rating was maintained by Goldman Sachs with "Neutral" on Wednesday, September 16. Barclays Capital maintained it with "Overweight" rating and $22.0 target in Tuesday, January 12 report. The company was maintained on Friday, June 23 by Morgan Stanley. They now have a United States dollars 27 price target on the stock. The firm has "Buy" rating given on Thursday, August 3 by Stifel Nicolaus. The rating was upgraded by BMO Capital Markets on Wednesday, November 2 to "Outperform".

Steel Dynamics was upgraded by analysts at Zacks Investment Research from a "sell" rating to a "hold" rating.