Steel Dynamics Stock Target Price and Analyst Consensus

STLD Stock  USD 146.99  2.16  1.49%   
The current analyst and expert consensus on Steel Dynamics is Hold with 7 hold recommendations. The current projected Steel Dynamics target price consensus is 108.0 with 12 analyst opinions. One of the most common ways Steel Dynamics analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Steel Dynamics vendors, executives, and/or customers. Steel Dynamics recommendation module provides expert sentiment on the projected Steel Dynamics target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Steel Dynamics to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.
Lowest Forecast
98.28
Highest Forecast
119.88
Target Price
108
At present, Steel Dynamics' Pretax Profit Margin is projected to increase slightly based on the last few years of reporting. The current year's Net Profit Margin is expected to grow to 0.14, whereas Operating Profit Margin is forecasted to decline to 0.13. At present, Steel Dynamics' Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 2.4 B, whereas Net Debt is forecasted to decline to about 1.4 B.
  
It's important to approach Steel Dynamics' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Steel Dynamics Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Steel target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Steel Dynamics' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   12  Hold
Most Steel analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Steel stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Steel Dynamics, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Steel Dynamics Target Price Projection

Steel Dynamics' current and average target prices are 146.99 and 108.00, respectively. The current price of Steel Dynamics is the price at which Steel Dynamics is currently trading. On the other hand, Steel Dynamics' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Steel Dynamics Market Quote on 28th of March 2024

Low Price144.81Odds
High Price147.14Odds

146.99

Target Price

Analyst Consensus On Steel Dynamics Target Price

Low Estimate98.28Odds
High Estimate119.88Odds

108.0

Historical Lowest Forecast  98.28 Target Price  108.0 Highest Forecast  119.88
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Steel Dynamics and the information provided on this page.

Steel Dynamics Analyst Ratings

Steel Dynamics' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Steel Dynamics stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Steel Dynamics' financials, market performance, and future outlook by experienced professionals. Steel Dynamics' historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Steel Dynamics price targets

Steel Dynamics' stock target price is an estimate of its future price, usually made by analysts. Using Steel Dynamics' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Steel Dynamics' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Steel Dynamics' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Steel Dynamics Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Steel Dynamics is a key component of Steel Dynamics valuation and have some predictive power on the future returns of a Steel Dynamics.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Steel Dynamics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
132.29149.06150.72
Details
Intrinsic
Valuation
LowRealHigh
137.59139.25161.69
Details
Naive
Forecast
LowNextHigh
147.99149.65151.31
Details
Earnings
Estimates (0)
LowProjected EPSHigh
2.903.423.58
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Steel Dynamics. Your research has to be compared to or analyzed against Steel Dynamics' peers to derive any actionable benefits. When done correctly, Steel Dynamics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Steel Dynamics.

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When determining whether Steel Dynamics is a strong investment it is important to analyze Steel Dynamics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Steel Dynamics' future performance. For an informed investment choice regarding Steel Stock, refer to the following important reports:
Check out Macroaxis Advice on Steel Dynamics to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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The data published in Steel Dynamics' official financial statements usually reflect Steel Dynamics' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Steel Dynamics. For example, before you start analyzing numbers published by Steel accountants, it's critical to develop an understanding of what Steel Dynamics' liquidity, profitability, and earnings quality are in the context of the Metals & Mining space in which it operates.
Please note, the presentation of Steel Dynamics' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Steel Dynamics' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Steel Dynamics' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Steel Dynamics. Please utilize our Beneish M Score to check the likelihood of Steel Dynamics' management manipulating its earnings.