Steel Dynamics, Inc. (STLD)
NASDAQ: STLD · IEX Real-Time Price · USD
136.90
+0.83 (0.61%)
At close: Apr 19, 2024, 4:00 PM
137.00
+0.10 (0.07%)
After-hours: Apr 19, 2024, 7:55 PM EDT
Steel Dynamics Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Steel Dynamics stock have an average target of 120.29, with a low estimate of 102 and a high estimate of 160. The average target predicts a decrease of -12.13% from the current stock price of 136.90.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Steel Dynamics stock from 7 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 6 | 5 | 6 | 6 | 5 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 8 | 9 | 9 | 8 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Sell Maintains $100 → $118 | Sell | Maintains | $100 → $118 | -13.81% | Apr 16, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $110 → $120 | Hold | Maintains | $110 → $120 | -12.34% | Mar 18, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $130 → $160 | Strong Buy | Maintains | $130 → $160 | +16.87% | Mar 13, 2024 |
| UBS | UBS | Hold Maintains $120 → $119 | Hold | Maintains | $120 → $119 | -13.08% | Jan 24, 2024 |
| UBS | UBS | Hold Initiates $120 | Hold | Initiates | $120 | -12.34% | Jan 16, 2024 |
Financial Forecast
Revenue This Year
18.58B
from 18.80B
Decreased by -1.16%
Revenue Next Year
18.24B
from 18.58B
Decreased by -1.84%
EPS This Year
11.37
from 14.64
Decreased by -22.35%
EPS Next Year
9.51
from 11.37
Decreased by -16.30%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 20.1B | 21.8B | 23.4B |
| Avg | 18.6B | 18.2B | 19.8B |
| Low | 16.5B | 15.5B | 17.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.0% | 17.1% | 28.1% |
| Avg | -1.2% | -1.8% | 8.7% |
| Low | -12.2% | -16.5% | -4.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.93 | 13.65 | 14.39 |
| Avg | 11.37 | 9.51 | 12.43 |
| Low | 7.50 | 4.46 | 11.04 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -4.8% | 20.1% | 51.2% |
| Avg | -22.4% | -16.3% | 30.6% |
| Low | -48.8% | -60.8% | 16.1% |
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.