# Steel Dynamics, Inc. – Consensus ‘hold’ rating and -1.5% Downside Potential

- Link: https://www.directorstalkinterviews.com/steel-dynamics-inc.consensus-hold-rating-and-1.5-downside-potential-2/4121133087
- Published: 2023-11-16T13:06:27+00:00
- Author: Charlotte Edwards

**Steel Dynamics, Inc.** with ticker code (STLD) now have 8 confirmed analysts covering
the stock with the consensus suggesting a rating of ‘hold’. The target price High/
Low ranges between $130.00 and $73.00 calculating the average target price we see
$109.13. Now with the previous closing price of $110.75 this is indicating there
is a potential downside of -1.5%. There is a 50 day moving average of $105.00 and
the 200 moving average now moves to $107.08. The market cap for the company is 18.00B.
The stock price is currently at: $111.26 USD

 The potential market cap would be $17,740,299,432 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 7.09, revenue per share of $114.14
and a 14.63% return on assets.

Steel Dynamics, Inc. is a steel producer and metal recycler in the United States.
The Company has three segments: steel operations, metals recycling operations and
steel fabrication operations. Steel operations segment consists primarily of steelmaking
and various coating operations. The segment consists of its EAF steel mills, producing
steel from ferrous scrap and scrap substitutes, utilizing continuous casting, automated
rolling mills, and various steel coating and processing lines. Metals Recycling 
operations segment include both ferrous and nonferrous scrap metal processing, transportation,
marketing, brokerage and scrap management services, strategically located primarily
in close proximity to its steel mills and other end-user scrap consumers, across
the United States, and Central and Northern Mexico. Steel fabrication operations
segment include seven new millennium building systems plants that primarily serve
the nonresidential construction industry across the United States.

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