Breaking: Citigroup Keeps $41 Target Price On Steel Dynamics (NASDAQ:STLD) Shares, Keeps Their Original Buy Rating

September 17, 2017 - By Winifred Garcia

 Breaking: Citigroup Keeps $41 Target Price On Steel Dynamics (NASDAQ:STLD) Shares, Keeps Their Original Buy Rating

Investors sentiment increased to 0.96 in 2016 Q4. Its up 0.05, from 0.91 in 2016Q3. It increased, as 28 investors sold Steel Dynamics, Inc. shares while 162 reduced holdings. 82 funds opened positions while 101 raised stakes. 201.62 million shares or 6.17% more from 189.89 million shares in 2016Q3 were reported.

344,467 are held by State Board Of Administration Of Florida Retirement Systems. Kcg Hldg has 58,583 shares. Riverhead Ltd Llc has 39,870 shares. Secor Capital L P stated it has 253,190 shares or 1.1% of all its holdings. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management Corp stated it has 15,600 shares. Comerica reported 7,262 shares. Swiss State Bank holds 0.02% or 400,700 shares. Employees Retirement Sys Of Texas holds 0.03% or 60,600 shares. Jefferies Gru Limited Liability Com holds 19,484 shares or 0% of its portfolio. 332,094 are owned by Manufacturers Life Ins The. Clarivest Asset Mngmt Ltd Limited Liability Company holds 1.09% or 1.15M shares in its portfolio. Schroder Investment Mngmt Gru holds 964,554 shares. Pointstate Cap Limited Partnership stated it has 2.33 million shares or 1.19% of all its holdings. Keybank Association Oh holds 20,565 shares. Alpha Windward Ltd Liability Corp invested in 15,050 shares.

Steel Dynamics (NASDAQ:STLD) Rating Reaffirmed

Stock research analysts at Citigroup now has a $41 target price on Steel Dynamics (NASDAQ:STLD). Citigroup and their recent target price would suggest a potential upside of 22.98 % from the company’s last price. The rating has been revealed to clients and investors in a research report on 15 September.

Investors sentiment increased to 0.96 in 2016 Q4. Its up 0.05, from 0.91 in 2016Q3. It increased, as 28 investors sold Steel Dynamics, Inc. shares while 162 reduced holdings. 82 funds opened positions while 101 raised stakes. 201.62 million shares or 6.17% more from 189.89 million shares in 2016Q3 were reported.

344,467 are held by State Board Of Administration Of Florida Retirement Systems. Kcg Hldg has 58,583 shares. Riverhead Ltd Llc has 39,870 shares. Secor Capital L P stated it has 253,190 shares or 1.1% of all its holdings. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management Corp stated it has 15,600 shares. Comerica reported 7,262 shares. Swiss State Bank holds 0.02% or 400,700 shares. Employees Retirement Sys Of Texas holds 0.03% or 60,600 shares. Jefferies Gru Limited Liability Com holds 19,484 shares or 0% of its portfolio. 332,094 are owned by Manufacturers Life Ins The. Clarivest Asset Mngmt Ltd Limited Liability Company holds 1.09% or 1.15M shares in its portfolio. Schroder Investment Mngmt Gru holds 964,554 shares. Pointstate Cap Limited Partnership stated it has 2.33 million shares or 1.19% of all its holdings. Keybank Association Oh holds 20,565 shares. Alpha Windward Ltd Liability Corp invested in 15,050 shares.

Steel Dynamics, Inc. (NASDAQ:STLD) Ratings Coverage

Among 15 analysts covering Steel Dynamics Inc. (NASDAQ:STLD), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Steel Dynamics Inc. has $4800 highest and $21 lowest target. $35.33’s average target is 5.97% above currents $33.34 stock price. Steel Dynamics Inc. had 53 analyst reports since July 22, 2015 according to SRatingsIntel. On Monday, October 5 the stock rating was maintained by Barclays Capital with “Overweight”. On Wednesday, October 21 the stock rating was maintained by Cowen & Co with “Outperform”. The firm has “Buy” rating by Jefferies given on Thursday, September 17. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Outperform” rating by Cowen & Co on Wednesday, July 20. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, January 12 report. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Overweight” rating by Barclays Capital on Tuesday, April 19. As per Wednesday, March 9, the company rating was maintained by Nomura. As per Wednesday, October 21, the company rating was maintained by Citigroup. The stock has “Buy” rating by Cowen & Co on Thursday, August 31. Cowen & Co maintained it with “Buy” rating and $4200 target in Monday, July 17 report.

The stock decreased 0.15% or $0.05 on September 15, reaching $33.34. About 4.43 million shares traded or 61.68% up from the average. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 44.39% since September 17, 2016 and is uptrending. It has outperformed by 27.69% the S&P500.

Investors wait Steel Dynamics, Inc. (NASDAQ:STLD) to report on October, 18. its quarterly earnings Wall Street analysts expect $0.74 EPS, up $0.09 or 13.85 % from last year’s $0.65 same quarter earnings. This translates into $177.56M profit for STLD giving the stock a 11.26 P/E. This is assuming the current $0.74 EPS is accurate. Steel Dynamics, Inc.’s Wall Street analysts see 17.46 % EPS growth, taking into account the $0.63 EPS reproted in the previous quarter,

Steel Dynamics, Inc. is a steel producing and a metal recycling company. The company has market cap of $8.00 billion. The Firm is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. It has a 15.29 P/E ratio. The Company’s divisions include steel operations, metals recycling operations, steel fabrication activities and Other Operations.

More recent Steel Dynamics, Inc. (NASDAQ:STLD) news were published by: Nasdaq.com which released: “Steel Dynamics Completes Sale of $350M Senior Notes Due 2025” on September 14, 2017. Also Prnewswire.com published the news titled: “Steel Dynamics Announces Tender Offer for any and all of its 6.375% Senior …” on September 06, 2017. Prnewswire.com‘s news article titled: “Steel Dynamics Announces Settlement of Previously Announced Tender Offer and …” with publication date: September 13, 2017 was also an interesting one.

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