Credit Suisse Sticks to Its Buy Rating for Steel Dynamics (STLD)


Credit Suisse analyst Curt Woodworth maintained a Buy rating on Steel Dynamics (STLD) on January 22 and set a price target of $43. The company’s shares closed yesterday at $34.82.

According to TipRanks.com, Woodworth is a 5-star analyst with an average return of 9.7% and a 55.2% success rate. Woodworth covers the Basic Materials sector, focusing on stocks such as Cleveland-Cliffs Inc, United States Steel, and AK Steel Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Steel Dynamics with a $37.63 average price target.

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The company has a one-year high of $52.10 and a one-year low of $28.91. Currently, Steel Dynamics has an average volume of 2.72M.

Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STLD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Steel Dynamics, Inc. is a diversified carbon-steel steel producer and metals recycler in the U.S. It produces a wide array of steel – beams, bars, steel sheet, and more. It operates through the following segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Others.

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