NASDAQ:STLD - Steel Dynamics Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $88.71
  • Forecasted Upside: 33.95 %
  • Number of Analysts: 7
  • Breakdown:
  • 1 Sell Ratings
  • 3 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$66.23
▲ +0.08 (0.12%)

This chart shows the closing price for STLD by one month, three months, or twelve months.

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Analyst Price Target for STLD

Analyst Price Target is $88.71
▲ +33.95% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Steel Dynamics in the last 3 months. The average price target is $88.71, with a high forecast of $0.00 and a low forecast of $0.00. The average price target represents a 33.95% upside from the last price of $66.23.

This chart shows the closing price for STLD for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 7 investment analysts is to hold stock in Steel Dynamics. This rating has held steady since November 2021, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings
1/9/2021
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
4/9/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
7/8/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
10/6/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 1 sell ratings
1/4/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 1 sell ratings
4/4/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 1 sell ratings
6/3/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 1 sell ratings
7/3/2022

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
6/20/2022UBS GroupSet Price Target$95.00Low
6/14/2022JPMorgan Chase & Co.Lower Price Target$129.00 ➝ $110.00High
5/31/2022The Goldman Sachs GroupDowngradeBuy ➝ Neutral$114.00 ➝ $92.00Medium
4/22/2022The Goldman Sachs GroupBoost Price TargetBuy$100.00 ➝ $114.00High
4/22/2022BMO Capital MarketsBoost Price Target$95.00 ➝ $104.00High
3/24/2022JPMorgan Chase & Co.Boost Price TargetOverweight$95.00 ➝ $117.00Low
3/22/2022The Goldman Sachs GroupBoost Price TargetBuy$89.00 ➝ $99.00Low
2/16/2022The Goldman Sachs GroupBoost Price TargetBuy$75.00 ➝ $80.00Low
1/26/2022BMO Capital MarketsLower Price Target$72.00 ➝ $65.00High
1/11/2022Wolfe ResearchDowngradePeer Perform ➝ Underperform$60.00Medium
11/16/2021Wolfe ResearchInitiated CoverageMarket Perform$75.00High
10/18/2021Morgan StanleyDowngradeOverweight ➝ Equal Weight$62.00High
10/6/2021The Goldman Sachs GroupLower Price TargetBuy$87.00 ➝ $72.00Low
9/15/2021Deutsche Bank AktiengesellschaftUpgradeBuy$72.00 ➝ $98.00High
8/23/2021Seaport Res PtnReiterated RatingBuyMedium
7/7/2021BMO Capital MarketsReiterated RatingHold$68.00Low
7/1/2021Deutsche Bank AktiengesellschaftBoost Price TargetBuy$68.00 ➝ $72.00Medium
6/18/2021Deutsche Bank AktiengesellschaftBoost Price TargetBuy$57.00 ➝ $68.00High
6/16/2021JPMorgan Chase & Co.Reiterated RatingOverweight$107.00Medium
6/14/2021Morgan StanleyBoost Price TargetOverweight$70.00 ➝ $71.00High
5/11/2021Morgan StanleyBoost Price TargetOverweight$53.00 ➝ $70.00Low
4/21/2021CitigroupBoost Price Target$56.00 ➝ $60.00Low
4/20/2021Bank of AmericaUpgradeNeutral ➝ Buy$49.00 ➝ $61.00High
4/19/2021Credit Suisse GroupBoost Price TargetOutperform$52.00 ➝ $55.00Medium
4/9/2021The Goldman Sachs GroupInitiated CoverageBuy$57.00Low
3/18/2021BMO Capital MarketsBoost Price TargetPositive ➝ Market Perform$46.00 ➝ $52.00High
3/12/2021Morgan StanleyBoost Price TargetOverweight$44.00 ➝ $53.00Low
2/3/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$52.00Medium
1/27/2021Morgan StanleyLower Price TargetOverweight$45.00 ➝ $44.00Low
12/9/2020Morgan StanleyInitiated CoverageOverweight$45.00Medium
10/21/2020BMO Capital MarketsBoost Price TargetMarket Perform$32.00 ➝ $35.00High
10/21/2020Credit Suisse GroupBoost Price TargetNeutral$30.00 ➝ $32.00High
9/18/2020BMO Capital MarketsBoost Price TargetMarket Perform$29.00 ➝ $32.00High
7/29/2020Deutsche Bank AktiengesellschaftBoost Price TargetBuy$27.00 ➝ $31.00Medium
7/22/2020CfraUpgradeHold ➝ BuyLow
7/22/2020Credit Suisse GroupBoost Price TargetNeutral$25.00 ➝ $28.00High
6/22/2020Credit Suisse GroupBoost Price TargetNeutral$22.00 ➝ $25.00Low
6/19/2020BMO Capital MarketsBoost Price TargetMarket Perform$24.00 ➝ $29.00Low
5/14/2020UBS GroupLower Price TargetBuy$43.00 ➝ $32.00High
5/6/2020Bank of AmericaReiterated RatingNeutral ➝ Underperform$23.00Low
4/22/2020Credit Suisse GroupLower Price TargetNeutral$24.00 ➝ $22.00Medium
4/22/2020KeyCorpBoost Price TargetOverweight$23.00 ➝ $25.00High
4/17/2020JPMorgan Chase & Co.Lower Price TargetOverweight$35.00 ➝ $28.00Medium
3/30/2020Deutsche Bank AktiengesellschaftUpgradeHold ➝ Buy$30.00 ➝ $27.00High
3/19/2020BMO Capital MarketsLower Price TargetMarket Perform$35.00 ➝ $18.00High
3/19/2020Credit Suisse GroupLower Price TargetNeutral$28.00 ➝ $26.00High
12/9/2019Longbow ResearchUpgradeNeutral ➝ Buy$40.00Medium
11/15/2019UBS GroupLower Price TargetBuy$47.00 ➝ $46.00Medium
11/14/2019BNP ParibasInitiated CoverageOutperform$40.00Medium
9/23/2019JPMorgan Chase & Co.Set Price TargetBuy$35.00Low
9/18/2019MacquarieSet Price TargetHold$31.00Low
9/13/2019BMO Capital MarketsDowngradeHold$30.00Low
9/5/2019BMO Capital MarketsDowngradeOutperform ➝ Market Perform$40.00 ➝ $30.00Medium
9/4/2019Bank of AmericaLower Price TargetNeutral$34.00 ➝ $30.00Medium
8/26/2019Longbow ResearchDowngradeBuy ➝ NeutralLow
7/24/2019Bank of AmericaDowngradeBuy ➝ Neutral$30.00 ➝ $34.00Medium
7/24/2019BMO Capital MarketsBoost Price TargetOutperform$35.00 ➝ $40.00High
6/27/2019Deutsche Bank AktiengesellschaftReiterated RatingHoldLow
6/11/2019CitigroupSet Price TargetBuy$34.00Medium
6/4/2019The Goldman Sachs GroupLower Price TargetBuy$44.00 ➝ $36.00Low
5/31/2019Bank of AmericaReiterated RatingBuy$40.00Low
5/30/2019Deutsche Bank AktiengesellschaftDowngradeBuy ➝ Hold$44.00 ➝ $30.00High
5/23/2019Credit Suisse GroupDowngradeOutperform ➝ Neutral$38.00 ➝ $29.00High
5/8/2019UBS GroupUpgradeNeutral ➝ Buy$35.50 ➝ $47.00Low
4/23/2019MacquarieSet Price TargetHold$36.00Low
4/23/2019The Goldman Sachs GroupSet Price TargetBuy$44.00Low
4/23/2019CitigroupSet Price TargetBuy$40.00Low
1/8/2019CowenInitiated CoverageMarket Perform ➝ Market Perform$32.00Low
1/8/2019Credit Suisse GroupUpgradeNeutral ➝ OutperformHigh
12/10/2018UBS GroupSet Price TargetHold$36.00Low
10/19/2018BMO Capital MarketsLower Price TargetOutperform ➝ Buy$60.00 ➝ $53.00Low
10/19/2018CitigroupLower Price TargetBuy ➝ Buy$56.00 ➝ $47.00Low
10/15/2018Credit Suisse GroupReiterated RatingOutperform ➝ NeutralHigh
10/2/2018Deutsche Bank AktiengesellschaftDowngradeBuyLow
8/27/2018Morgan StanleyUpgradeEqual Weight ➝ Overweight$50.00 ➝ $52.00Low
7/25/2018Bank of AmericaBoost Price TargetBuy ➝ Buy$54.00 ➝ $56.00High
7/25/2018Jefferies Financial GroupReiterated RatingBuy$58.00Low
4/24/2018CitigroupBoost Price TargetBuy ➝ Buy$54.00 ➝ $55.00Medium
4/17/2018UBS GroupInitiated CoverageNeutral$47.00High
4/17/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$46.00 ➝ $50.00Low
3/29/2018Deutsche Bank AktiengesellschaftBoost Price TargetBuy ➝ Buy$52.00 ➝ $53.00High
3/20/2018The Goldman Sachs GroupInitiated CoverageBuy ➝ Buy$59.00Low
2/5/2018CowenSet Price TargetBuy$60.00High
1/24/2018Credit Suisse GroupBoost Price TargetOutperform ➝ Outperform$43.00 ➝ $53.00Low
1/24/2018BMO Capital MarketsBoost Price TargetPositive ➝ Outperform$55.00Low
1/24/2018CowenReiterated RatingOutperform ➝ Outperform$53.00 ➝ $60.00Low
1/24/2018Jefferies Financial GroupReiterated RatingBuyLow
1/11/2018Jefferies Financial GroupReiterated RatingBuy$53.00Medium
1/10/2018KeyCorpSet Price TargetBuy$49.00Medium
1/8/2018Bank of AmericaSet Price TargetBuy$45.00 ➝ $51.00Low
12/20/2017Longbow ResearchUpgradeNeutral ➝ BuyHigh
12/18/2017CowenSet Price TargetBuy$43.00High
11/24/2017KeyCorpReiterated RatingBuy$44.00N/A
10/24/2017Morgan StanleySet Price TargetHold$33.00 ➝ $36.00N/A
10/20/2017Bank of AmericaBoost Price TargetBuy$44.00 ➝ $45.00N/A
10/20/2017CowenSet Price TargetBuy$43.00N/A
10/20/2017CitigroupBoost Price TargetBuy$41.00 ➝ $42.00N/A
10/20/2017KeyCorpUpgradeSector Weight ➝ Overweight$44.00N/A
10/6/2017Jefferies Financial GroupReiterated RatingBuy$43.00N/A
10/2/2017Longbow ResearchDowngradeBuy ➝ NeutralLow
9/16/2017Jefferies Financial GroupReiterated RatingBuyLow
9/15/2017CitigroupLower Price TargetBuy ➝ Buy$43.00 ➝ $41.00Low
9/12/2017Morgan StanleyDowngradeOverweight ➝ Equal Weight$45.00 ➝ $33.00Low
9/6/2017MacquarieInitiated CoverageNeutral ➝ Neutral$36.00Low
9/5/2017Bank of AmericaReiterated RatingBuy$42.00 ➝ $44.00Low
8/31/2017Jefferies Financial GroupReiterated RatingBuy$43.00Low
7/27/2017Longbow ResearchReiterated RatingBuy$40.00High
7/22/2017Jefferies Financial GroupReiterated RatingBuy$42.00 ➝ $43.00Low
7/21/2017Bank of AmericaBoost Price TargetBuy$40.00 ➝ $42.00Low
7/20/2017Clarkson CapitalReiterated RatingNeutralMedium
7/19/2017CowenReiterated RatingBuy$44.00Low
7/18/2017Morgan StanleyReiterated RatingBuyLow
(Data available from 7/3/2017 forward)

News Sentiment Rating

1.08 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 8 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/5/2021
  • 3 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
1/4/2022
  • 12 very positive mentions
  • 13 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
2/3/2022
  • 8 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 3 very negative mentions
3/5/2022
  • 11 very positive mentions
  • 4 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
4/4/2022
  • 8 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/4/2022
  • 15 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
6/3/2022
  • 17 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
7/3/2022

Current Sentiment

  • 17 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Steel Dynamics logo
Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; and engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars. The company also engages in turning, polishing, straightening, chamfering, threading, precision saw-cutting, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, galvanizing, and coating of specialty products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. This segment sells directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment purchases, processes, and resells ferrous and nonferrous scrap metals into reusable forms and grades. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast-iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. This segment also provides transportation logistics, marketing, brokerage, and scrap management services. The Steel Fabrication Operations segment produces non-residential steel building components, such as steel joists, girders, trusses, and steel deck products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.
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Today's Range

Now: $66.23
Low: $64.16
High: $67.20

50 Day Range

MA: $77.82
Low: $65.98
High: $89.65

52 Week Range

Now: $66.23
Low: $50.54
High: $100.37

Volume

1,591,430 shs

Average Volume

2,134,160 shs

Market Capitalization

$12.50 billion

P/E Ratio

3.42

Dividend Yield

2.05%

Beta

1.38

Frequently Asked Questions

What sell-side analysts currently cover shares of Steel Dynamics?

The following equities research analysts have issued stock ratings on Steel Dynamics in the last twelve months: BMO Capital Markets, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Morgan Stanley, Seaport Global Securities, Seaport Res Ptn, StockNews.com, The Goldman Sachs Group, Inc., UBS Group AG, and Wolfe Research.
View the latest analyst ratings for STLD.

What is the current price target for Steel Dynamics?

0 Wall Street analysts have set twelve-month price targets for Steel Dynamics in the last year. Their average twelve-month price target is $88.71, suggesting a possible upside of 33.9%.
View the latest price targets for STLD.

What is the current consensus analyst rating for Steel Dynamics?

Steel Dynamics currently has 1 sell rating, 3 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in STLD, but not buy more shares or sell existing shares.
View the latest ratings for STLD.

How do I contact Steel Dynamics' investor relations team?

Steel Dynamics' physical mailing address is 7575 W JEFFERSON BLVD, FORT WAYNE IN, 46804. The basic materials company's listed phone number is (260) 969-3500 and its investor relations email address is [email protected] The official website for Steel Dynamics is www.steeldynamics.com. Learn More about contacing Steel Dynamics investor relations.