Steel Dynamics, Inc. (NASDAQ:STLD) registered a -3.84% decrease, still its new closing price is 104.56% up from the company’s 1 year high of 40.02.It posted -6.73% losses in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 5 buy or better ratings. The 16 stock analysts following this company have an average price target at $40.60, with individual PT in the $31.00-$48.00 range. The shares moved at $33.81, implying that brokerage firms see shares gaining about 92.27% in twelve months time.
Steel Dynamics, Inc. (STLD) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -4.97% fall year to date. A Director at Steel Dynamics, Inc. (STLD) offloaded shares in a transaction closed on Tuesday November 01, 2016. BUSSE KEITH E sold 2,000 shares in the company at $27.33 each and collected $54,001 in proceeds. BUSSE KEITH E now owns 1,004,923 shares in the company after this transaction. A Director in the company, BUSSE KEITH E, disclosed a transaction on Friday July 29, 2016 that ended up generating $355,000 from the sale of 13,155 shares at $27 per share.
Steel Dynamics, Inc. (NASDAQ:STLD) Upcoming Results on Tap
Steel Dynamics, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.62 in that period. Sales during the quarter are predicted to arrive at $2.12 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.91 billion in revenue and EPS of $0.43. The mean forecast was for $1.87 billion and $0.43 a share, respectively. One quarter earlier, revenue for the stock was at $2.1 billion, with earnings at $0.64/share.
Steel Dynamics, Inc. (STLD) Brokerage Update
Steel Dynamics, Inc. (STLD) is in Credit Suisse’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Outperform by Credit Suisse, according to news reported on Thursday January 12, 2017.Another important research note was issued by Berenberg on Tuesday December 06, 2016.The firm upgraded STLD to Buy from Hold. Over the last six months and over the last three months, the shares of Steel Dynamics, Inc. (STLD), have changed 29.12% and 26.49%, respectively.