NASDAQ:STLD - Steel Dynamics Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $65.67
  • Forecasted Upside: 10.01 %
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 7 Buy Ratings
  • 0 Strong Buy Ratings
$59.69
▼ -0.45 (-0.75%)

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Analyst Price Target for STLD

Analyst Price Target is $65.67
▲ +10.01% Upside 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 $65.67, with a high forecast of $107.00 and a low forecast of $52.00. The average price target represents a 10.01% upside from the last price of $59.69.

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 Buy

The current consensus among 8 contributing investment analysts is to buy stock in Steel Dynamics. This Buy 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
  • 9 buy ratings
  • 3 hold ratings
  • 0 sell ratings
12/31/2019
  • 0 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings
3/30/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
6/28/2020
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/26/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/25/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/25/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/24/2021
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/23/2021

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
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
4/21/2021Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon RussellBoost Price Target$56.00 ➝ $60.00Medium
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
10/11/2018Seaport Global SecuritiesInitiated CoverageBuy$55.00High
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
6/26/2017Jefferies Financial GroupReiterated RatingBuy$45.00Low
6/24/2017Deutsche Bank AktiengesellschaftReiterated RatingBuyLow
6/19/2017Berenberg BankReiterated RatingBuy$46.00High
6/19/2017Longbow ResearchUpgradeNeutral ➝ BuyMedium
5/24/2017Credit Suisse GroupUpgradeNeutral ➝ Outperform$36.00 ➝ $36.00Low
5/15/2017BarclaysReiterated RatingBuy$43.00Low
5/5/2017BarclaysReiterated RatingBuy$43.00Low
4/24/2017BMO Capital MarketsReiterated RatingBuy$48.00Low
4/24/2017CowenBoost Price TargetOutperform$41.00 ➝ $42.00Low
4/24/2017MacquarieUpgradeNeutral ➝ Outperform$38.00 ➝ $44.00High
3/22/2017BMO Capital MarketsReiterated RatingBuy$48.00Low
3/22/2017JPMorgan Chase & Co.Boost Price TargetOverweight$41.00 ➝ $44.00Low
3/21/2017Deutsche Bank AktiengesellschaftBoost Price TargetBuy$42.00 ➝ $45.00High
3/20/2017MacquarieReiterated RatingNeutralHigh
3/16/2017Jefferies Financial GroupReiterated RatingBuy$45.00Low
3/16/2017Berenberg BankReiterated RatingBuy$44.00Low
1/31/2017Berenberg BankDowngradeBuy ➝ HoldN/A
1/29/2017BarclaysSet Price TargetBuy$40.00N/A
1/20/2017CitigroupReiterated RatingBuy$30.00 ➝ $43.00N/A
1/12/2017Credit Suisse GroupDowngradeOutperform ➝ Neutral$33.00 ➝ $36.00N/A
12/13/2016Jefferies Financial GroupReiterated RatingBuy$32.00 ➝ $45.00N/A
12/6/2016Berenberg BankUpgradeHold ➝ BuyN/A
12/5/2016Deutsche Bank AktiengesellschaftSet Price TargetBuy$31.00 ➝ $42.00N/A
11/30/2016JPMorgan Chase & Co.Boost Price TargetOverweight$31.00 ➝ $41.00N/A
11/29/2016MacquarieDowngradeOutperform ➝ Neutral$35.00N/A
11/14/2016Rosenblatt SecuritiesDowngradeBuy ➝ Neutral$32.00N/A
11/14/2016Berenberg BankDowngradeBuy ➝ Hold$35.00 ➝ $36.50N/A
10/26/2016Bank of AmericaUpgradeNeutral ➝ BuyN/A
10/23/2016Bank of AmericaReiterated RatingNeutral$27.00 ➝ $28.00N/A
10/21/2016Rosenblatt SecuritiesUpgradeNeutral ➝ Buy$32.00N/A
10/21/2016CowenLower Price TargetOutperform$33.00 ➝ $31.00N/A
10/20/2016BMO Capital MarketsReiterated RatingBuyN/A
10/8/2016Credit Suisse GroupSet Price TargetBuy$33.00N/A
9/22/2016BarclaysReiterated RatingOverweight$30.00N/A
9/20/2016CowenSet Price TargetBuy$33.00N/A
9/20/2016Berenberg BankSet Price TargetBuy$35.00N/A
9/20/2016Bank of AmericaReiterated RatingHold$27.00N/A
9/15/2016Jefferies Financial GroupSet Price TargetBuy$31.00 ➝ $28.00N/A
8/22/2016CitigroupInitiated CoverageBuy$33.00N/A
8/16/2016Morgan StanleyReiterated RatingBuy$27.00N/A
8/3/2016Jefferies Financial GroupReiterated RatingBuyN/A
8/2/2016Berenberg BankReiterated RatingBuy$35.00N/A
8/1/2016CowenSet Price TargetBuy$33.00N/A
7/22/2016BMO Capital MarketsReiterated RatingOutperform$30.00N/A
7/20/2016Jefferies Financial GroupReiterated RatingBuy$31.00N/A
7/20/2016Bank of AmericaDowngradeBuy ➝ Neutral$28.00N/A
7/20/2016CowenBoost Price TargetOutperform$30.00 ➝ $33.00N/A
7/19/2016Clarkson CapitalReiterated RatingNeutral$24.00N/A
7/12/2016BarclaysReiterated RatingOverweight$27.00 ➝ $28.00N/A
(Data available from 6/24/2016 forward)
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 and cold roll, and coated steel products; structural flange beams and channel sections, flat bars, large unequal leg angles, reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including channels, angles, flats, merchant rounds, and reinforcing steel bars; and other engineered round steel bars. This segment is also involved in the 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 merchant bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube industry sectors. This segment sells its products directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment engages in the purchase, process, and resale of 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 steel building components, such as steel joists, girders, trusses, and steel deck products for non-residential steel fabricators. 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: $59.69
Low: $59.48
High: $61.57

50 Day Range

MA: $60.00
Low: $50.12
High: $66.51

52 Week Range

Now: $59.69
Low: $24.00
High: $66.88

Volume

1,829,628 shs

Average Volume

2,352,658 shs

Market Capitalization

$12.61 billion

P/E Ratio

15.92

Dividend Yield

1.73%

Beta

1.46

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, Cfra, Citigroup Inc., Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell, Credit Suisse Group AG, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Morgan Stanley, The Goldman Sachs Group, Inc., TheStreet, and Zacks Investment Research.
View the latest analyst ratings for STLD.

What is the current price target for Steel Dynamics?

9 Wall Street analysts have set twelve-month price targets for Steel Dynamics in the last year. Their average twelve-month price target is $65.67, suggesting a possible upside of 9.2%. JPMorgan Chase & Co. has the highest price target set, predicting STLD will reach $107.00 in the next twelve months. BMO Capital Markets has the lowest price target set, forecasting a price of $52.00 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 hold rating and 7 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe STLD will outperform the market and that investors should add to their positions of Steel Dynamics.
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.