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What Makes Steel Dynamics Inc (NASDAQ:STLD) A Compelling Stock?

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27 May, 2017

Steel Dynamics Inc (NASDAQ:STLD) 52-week high price stands at $40.17 and low price stands at $22.79, its price distance from 52-week high is -14.26% while its distance from 52-week low price is 51.12%. Deutsche Bank AG lifted their target price on shares of Steel Dynamics from $42.00 to $45.00 and gave the company a buy rating in a research note on Tuesday, March 21st.

Now the shares of Steel Dynamics Inc. The firm has "Buy" rating by BMO Capital Markets given on Thursday, March 23. The legal version of this piece of content can be accessed at https://sportsperspectives.com/2017/05/25/steel-dynamics-inc-stld-stock-rating-upgraded-by-macquarie-updated.html.

In terms of Buy, Sell or Hold recommendations, Steel Dynamics Inc (NASDAQ:STLD) has analysts' mean recommendation of 2. Therefore 71% are positive. (NASDAQ:STLD) rating on Tuesday, May 10.

Soroban Capital Partners Lp decreased Autodesk Inc (Call) (NASDAQ:ADSK) stake by 8.99 million shares to 1.05 million valued at $77.71M in 2016Q4. The firm earned "Buy" rating on Thursday, August 13 by Deutsche Bank. Cowen & Co maintained the stock with "Outperform" rating in Tuesday, September 1 report. Morgan Stanley upgraded the stock to "Overweight" rating in Monday, November 2 report. The firm has "Buy" rating by Nomura given on Wednesday, March 9. Going from the most negative analyst price target to above consensus is one thing. Credit Suisse maintained the shares of STLD in report on Wednesday, March 23 with "Outperform" rating. (STLD) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Steel Dynamics Inc. The company was initiated on Wednesday, October 14 by Berenberg. The stock declined 2.15% or $0.74 reaching $33.7 on the news. The target implies a 25.96% spike from where the shares are now trading. (NDAQ:STLD) has risen 44.39% since May 25, 2016 and is uptrending.

Since March 13, 2017, it had 0 insider purchases, and 3 sales for $1.01 million activity. The stock was sold at an average price of $35.64, for a total value of $5,000,113.80.

Investors sentiment increased to 0.96 in 2016 Q4. Its up 0.05, from 0.91 in 2016Q3.

Want to see what other hedge funds are holding STLD? 30 funds opened positions while 68 raised stakes. Johnson Fincl has 0.15% invested in LyondellBasell Industries NV (NYSE:LYB) for 11,024 shares. Active investors may choose to use this technical indicator as a stock evaluation tool. (NASDAQ:STLD). Ironbridge Capital Management L P invested in 34,040 shares or 0.05% of the stock.

The company's consensus rating on Reuter's scale slipped from 1.86 to 1.79 during a month. (NASDAQ:STLD) or 2.92M shares. Meeder Asset Mgmt Inc invested 0.01% in Premier Inc (NASDAQ:PINC).

Ameritas Invest Prtnrs reported 94,458 shares. Cambridge Invest Rech Incorporated holds 12,496 shares. 58,993 are held by D E Shaw & Co. Jpmorgan Chase invested in 3.40 million shares. Welch Ptnrs Lc New York holds 3.52% in Premier Inc (NASDAQ:PINC) or 343,455 shares. California Public Employees Retirement System holds 521,400 shares or 0.03% of its portfolio. 609 are held by Assetmark. Metropolitan Life Insur accumulated 0.06% or 228,957 shares.

Premier, Inc.is a healthcare improvement company. Investors often look to pounce on any opportunity in the stock market.

A number of large investors have recently added to or reduced their stakes in STLD. The stock declined 0.19% or $0.15 reaching $80.52 on the news. The NYSE listed company saw a recent bid of $15.57 and 1118391 shares have traded hands in the session. Steel Dynamics, Inc.is now trading -2.01% below its 20-day and 7.18% versus the 200-day simple moving averages while -1.30% compared with its 50-day simple moving average. It has outperformed by 27.69% the S&P500. The company has market cap of $8.26 billion. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. It has a 16.17 P/E ratio. Geode Cap Management Ltd Liability Company has invested 0.04% of its portfolio in Steel Dynamics, Inc. Steel Dynamics operates in the production and sale of hot-rolled and cold-rolled steel coils. STLD's profit will be $215.85 million for 9.57 P/E if the $0.90 EPS becomes a reality. Equities analysts forecast that Steel Dynamics will post $3.03 earnings per share for the current year.

01/19/2017 - Steel Dynamics, Inc. had its " rating reiterated by analysts at Citigroup.

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