Steel Dynamics - STLD Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $112.75
  • Forecasted Upside: -15.04%
  • Number of Analysts: 8
  • Breakdown:
  • 1 Sell Ratings
  • 5 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$132.71
▼ -0.26 (-0.20%)

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 $112.75
▼ -15.04% Downside Potential
This price target is based on 8 analysts offering 12 month price targets for Steel Dynamics in the last 3 months. The average price target is $112.75, with a high forecast of $130.00 and a low forecast of $98.00. The average price target represents a -15.04% upside from the last price of $132.71.

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 8 investment analysts is to hold stock in Steel Dynamics. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 1 sell ratings
9/6/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 1 sell ratings
12/5/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 1 sell ratings
3/5/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 1 sell ratings
6/3/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 1 sell ratings
9/1/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 1 sell ratings
11/30/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 1 sell ratings
1/29/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 1 sell ratings
2/28/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/24/2024UBS GroupLower TargetNeutral ➝ Neutral$120.00 ➝ $119.00Low
1/16/2024UBS GroupInitiated CoverageNeutral$120.00Low
12/12/2023JPMorgan Chase & Co.Boost TargetUnderweight ➝ Underweight$95.00 ➝ $98.00Low
10/31/2023Morgan StanleyBoost TargetEqual Weight ➝ Equal Weight$99.00 ➝ $108.00Low
9/25/2023CitigroupUpgradeNeutral ➝ Buy$130.00Low
9/19/2023BMO Capital MarketsLower TargetMarket Perform ➝ Market Perform$115.00 ➝ $107.00Low
9/8/2023JPMorgan Chase & Co.Boost TargetUnderweight ➝ Underweight$94.00 ➝ $95.00Low
7/24/2023Morgan StanleyBoost TargetEqual Weight$97.00 ➝ $99.00Low
7/21/2023JPMorgan Chase & Co.Boost TargetUnderweight$93.00 ➝ $94.00Low
7/14/2023JPMorgan Chase & Co.Boost Target$82.00 ➝ $93.00Low
7/5/2023BNP ParibasDowngradeOutperform ➝ Neutral$102.00Low
6/19/2023BMO Capital MarketsLower Target$120.00 ➝ $115.00Low
5/23/2023JPMorgan Chase & Co.Initiated CoverageUnderweight$82.00Low
5/5/2023UBS GroupLower Target$110.00 ➝ $100.00Low
4/21/2023Credit Suisse GroupBoost TargetOutperform$106.00 ➝ $115.00Low
4/5/2023Bank of AmericaDowngradeBuy ➝ Neutral$140.00 ➝ $123.00Low
3/16/2023Credit Suisse GroupBoost TargetOutperform$92.00 ➝ $106.00Low
3/15/2023CitigroupDowngradeBuy ➝ NeutralLow
1/30/2023Morgan StanleyBoost TargetEqual Weight$85.00 ➝ $93.00Low
1/27/2023BMO Capital MarketsBoost TargetMarket Perform$109.00 ➝ $120.00Low
1/27/2023The Goldman Sachs GroupDowngradeBuy ➝ Neutral$114.00 ➝ $118.00Low
1/4/2023Bank of AmericaInitiated CoverageBuy ➝ BuyLow
12/5/2022UBS GroupDowngradeBuy ➝ NeutralLow
11/14/2022BMO Capital MarketsBoost TargetMarket Perform$89.00 ➝ $100.00Low
10/21/2022The Goldman Sachs GroupBoost TargetBuy$88.00 ➝ $99.00Low
10/21/2022Morgan StanleyBoost TargetEqual Weight$78.00 ➝ $85.00Low
10/21/2022BMO Capital MarketsBoost TargetMarket Perform$77.00 ➝ $89.00Low
10/6/2022The Goldman Sachs GroupUpgradeNeutral ➝ Buy$89.00 ➝ $88.00Low
9/13/2022CitigroupBoost Target$110.00Low
7/6/2022Morgan StanleyLower TargetEqual Weight$94.00 ➝ $78.00N/A
6/20/2022UBS GroupSet Target$95.00Low
6/14/2022JPMorgan Chase & Co.Lower Target$129.00 ➝ $110.00High
5/31/2022The Goldman Sachs GroupDowngradeBuy ➝ Neutral$114.00 ➝ $92.00Medium
4/22/2022The Goldman Sachs GroupBoost TargetBuy$100.00 ➝ $114.00High
4/22/2022BMO Capital MarketsBoost Target$95.00 ➝ $104.00High
3/24/2022JPMorgan Chase & Co.Boost TargetOverweight$95.00 ➝ $117.00Low
3/22/2022The Goldman Sachs GroupBoost TargetBuy$89.00 ➝ $99.00Low
2/16/2022The Goldman Sachs GroupBoost TargetBuy$75.00 ➝ $80.00Low
1/26/2022BMO Capital MarketsLower 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 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 TargetBuy$68.00 ➝ $72.00Medium
6/18/2021Deutsche Bank AktiengesellschaftBoost TargetBuy$57.00 ➝ $68.00High
6/16/2021JPMorgan Chase & Co.Reiterated RatingOverweight$107.00Medium
6/14/2021Morgan StanleyBoost TargetOverweight$70.00 ➝ $71.00High
5/11/2021Morgan StanleyBoost TargetOverweight$53.00 ➝ $70.00Low
4/21/2021CitigroupBoost Target$56.00 ➝ $60.00Low
4/20/2021Bank of AmericaUpgradeNeutral ➝ Buy$49.00 ➝ $61.00High
4/19/2021Credit Suisse GroupBoost TargetOutperform$52.00 ➝ $55.00Medium
4/9/2021The Goldman Sachs GroupInitiated CoverageBuy$57.00Low
3/18/2021BMO Capital MarketsBoost TargetPositive ➝ Market Perform$46.00 ➝ $52.00High
3/12/2021Morgan StanleyBoost TargetOverweight$44.00 ➝ $53.00Low
2/3/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$52.00Medium
1/27/2021Morgan StanleyLower TargetOverweight$45.00 ➝ $44.00Low
12/9/2020Morgan StanleyInitiated CoverageOverweight$45.00Medium
10/21/2020BMO Capital MarketsBoost TargetMarket Perform$32.00 ➝ $35.00High
10/21/2020Credit Suisse GroupBoost TargetNeutral$30.00 ➝ $32.00High
9/18/2020BMO Capital MarketsBoost TargetMarket Perform$29.00 ➝ $32.00High
7/29/2020Deutsche Bank AktiengesellschaftBoost TargetBuy$27.00 ➝ $31.00Medium
7/22/2020CfraUpgradeHold ➝ BuyLow
7/22/2020Credit Suisse GroupBoost TargetNeutral$25.00 ➝ $28.00High
6/22/2020Credit Suisse GroupBoost TargetNeutral$22.00 ➝ $25.00Low
6/19/2020BMO Capital MarketsBoost TargetMarket Perform$24.00 ➝ $29.00Low
5/14/2020UBS GroupLower TargetBuy$43.00 ➝ $32.00High
5/6/2020Bank of AmericaReiterated RatingNeutral ➝ Underperform$23.00Low
4/22/2020Credit Suisse GroupLower TargetNeutral$24.00 ➝ $22.00Medium
4/22/2020KeyCorpBoost TargetOverweight$23.00 ➝ $25.00High
4/17/2020JPMorgan Chase & Co.Lower TargetOverweight$35.00 ➝ $28.00Medium
3/30/2020Deutsche Bank AktiengesellschaftUpgradeHold ➝ Buy$30.00 ➝ $27.00High
3/19/2020BMO Capital MarketsLower TargetMarket Perform$35.00 ➝ $18.00High
3/19/2020Credit Suisse GroupLower TargetNeutral$28.00 ➝ $26.00High
12/9/2019Longbow ResearchUpgradeNeutral ➝ Buy$40.00Medium
11/15/2019UBS GroupLower TargetBuy$47.00 ➝ $46.00Medium
11/14/2019BNP ParibasInitiated CoverageOutperform$40.00Medium
9/23/2019JPMorgan Chase & Co.Set TargetBuy$35.00Low
9/18/2019MacquarieSet 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 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 TargetOutperform$35.00 ➝ $40.00High
6/27/2019Deutsche Bank AktiengesellschaftReiterated RatingHoldLow
6/11/2019CitigroupSet TargetBuy$34.00Medium
6/4/2019The Goldman Sachs GroupLower 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 TargetHold$36.00Low
4/23/2019The Goldman Sachs GroupSet TargetBuy$44.00Low
4/23/2019CitigroupSet TargetBuy$40.00Low
(Data available from 2/28/2019 forward)

News Sentiment Rating

1.49 (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
  • 28 very positive mentions
  • 16 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/2/2023
  • 24 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
9/1/2023
  • 25 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
10/1/2023
  • 18 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
10/31/2023
  • 4 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
11/30/2023
  • 25 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
12/30/2023
  • 29 very positive mentions
  • 9 positive mentions
  • 3 negative mentions
  • 2 very negative mentions
1/29/2024
  • 30 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/28/2024

Current Sentiment

  • 30 very positive mentions
  • 8 positive mentions
  • 0 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 rolled, cold rolled, 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; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products. This segment also engages in turning, polishing, straightening, chamfering, threading, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The Metals Recycling Operations segment is involved in the ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services. 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. The Steel Fabrication Operations segment produces steel non-residential building components, such as steel joists, girders, trusses, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, owners, brokers, governmental entities, and e-commerce data centers and warehouses. The company also exports its products. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.
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Today's Range

Now: $132.71
Low: $130.82
High: $133.16

50 Day Range

MA: $119.47
Low: $111.60
High: $132.97

52 Week Range

Now: $132.71
Low: $90.55
High: $136.46

Volume

246,204 shs

Average Volume

1,212,120 shs

Market Capitalization

$21.48 billion

P/E Ratio

9.10

Dividend Yield

1.30%

Beta

1.4

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: Bank of America Co., BMO Capital Markets, BNP Paribas, Citigroup Inc., Credit Suisse Group AG, JPMorgan Chase & Co., Morgan Stanley, StockNews.com, and UBS Group AG.
View the latest analyst ratings for STLD.

What is the current price target for Steel Dynamics?

8 Wall Street analysts have set twelve-month price targets for Steel Dynamics in the last year. Their average twelve-month price target is $112.75, suggesting a possible downside of 15.0%. Citigroup Inc. has the highest price target set, predicting STLD will reach $130.00 in the next twelve months. JPMorgan Chase & Co. has the lowest price target set, forecasting a price of $98.00 for Steel Dynamics in the next year.
View the latest price targets for STLD.

What is the current consensus analyst rating for Steel Dynamics?

Steel Dynamics currently has 1 sell rating, 5 hold ratings and 2 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.

What other companies compete with Steel Dynamics?

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.