Steel Dynamics, Inc. (STLD)
NASDAQ: STLD · IEX Real-Time Price · USD
128.44
-0.69 (-0.53%)
At close: Jul 19, 2024, 4:00 PM
128.35
-0.09 (-0.07%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Steel Dynamics Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Steel Dynamics stock have an average target of 132.13, with a low estimate of 108 and a high estimate of 160. The average target predicts an increase of 2.87% from the current stock price of 128.44.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Steel Dynamics stock from 8 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Hold | 6 | 5 | 4 | 5 | 7 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 8 | 7 | 7 | 9 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Sell Maintains $118 → $120 | Sell | Maintains | $118 → $120 | -6.57% | Jul 16, 2024 |
| B of A Securities | B of A Securities | Hold Maintains $150 → $145 | Hold | Maintains | $150 → $145 | +12.89% | Jun 26, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $140 → $135 | Hold | Maintains | $140 → $135 | +5.11% | Jun 18, 2024 |
| Jefferies | Jefferies | Hold Initiates $150 | Hold | Initiates | $150 | +16.79% | May 20, 2024 |
| JP Morgan | JP Morgan | Sell Maintains $100 → $118 | Sell | Maintains | $100 → $118 | -8.13% | Apr 16, 2024 |
Financial Forecast
Revenue This Year
18.41B
from 18.80B
Decreased by -2.04%
Revenue Next Year
18.38B
from 18.41B
Decreased by -0.18%
EPS This Year
12.00
from 14.64
Decreased by -18.03%
EPS Next Year
10.37
from 12.00
Decreased by -13.60%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 19.5B | 21.7B | 23.3B |
| Avg | 18.4B | 18.4B | 19.7B |
| Low | 17.2B | 16.2B | 16.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.7% | 18.1% | 27.0% |
| Avg | -2.0% | -0.2% | 7.2% |
| Low | -8.4% | -12.2% | -7.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.41 | 13.67 | 15.36 |
| Avg | 12.00 | 10.37 | 12.36 |
| Low | 9.65 | 5.68 | 10.40 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.6% | 13.9% | 48.2% |
| Avg | -18.0% | -13.6% | 19.2% |
| Low | -34.1% | -52.6% | 0.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.