Steel Dynamics (STLD) Stock Forecast, Price Target & Predictions
STLD Stock Forecast
Steel Dynamics stock forecast is as follows: an average price target of $134.00 (represents a -6.67% downside from STLD’s last price of $143.57) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
STLD Price Target
The average price target for Steel Dynamics (STLD) is $134.00 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $160.00 to $112.00. This represents a potential -6.67% downside from STLD's last price of $143.57.
STLD Analyst Ratings
According to 11 Wall Street analysts, Steel Dynamics's rating consensus is 'Buy'. The analyst rating breakdown for STLD stock is 0 'Strong Buy' (0.00%), 6 'Buy' (54.55%), 5 'Hold' (45.45%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Steel Dynamics Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 17, 2024 | Alexander Hacking | Citigroup | - | - | 23.21% | 11.44% |
| Oct 10, 2024 | Katja Jancic | BMO Capital | - | - | -0.14% | -9.45% |
| Oct 01, 2024 | Lawson Winder | Bank of America Securities | - | - | 19.77% | 7.96% |
| Sep 17, 2024 | Katja Jancic | BMO Capital | - | - | 10.32% | -11.54% |
| Sep 17, 2024 | Lawson Winder | Bank of America Securities | - | - | 21.58% | -2.49% |
| Sep 03, 2024 | Andrew Jones | UBS | - | - | 26.88% | 1.00% |
| Aug 15, 2024 | Carlos De Alba | Morgan Stanley | - | - | 19.95% | -3.88% |
| Jun 18, 2024 | Katja Jancic | BMO Capital | - | - | 6.07% | -5.97% |
| Jun 17, 2024 | Timna Tanners | Wolfe Research | - | - | -11.50% | -21.99% |
| Jun 17, 2024 | Christopher LaFemina | Jefferies | - | - | 10.83% | -5.97% |
The latest Steel Dynamics stock forecast, released on Oct 17, 2024 by Alexander Hacking from Citigroup, set a price target of $160.00, which represents a 23.21% increase from the stock price at the time of the forecast ($129.86), and a 11.44% increase from STLD last price ($143.57).
Steel Dynamics Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 6 | 12 |
| Avg Price Target | - | $142.83 | $137.25 |
| Last Closing Price | $143.57 | $143.57 | $143.57 |
| Upside/Downside | -100.00% | -0.52% | -4.40% |
In the current month, the average price target of Steel Dynamics stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Steel Dynamics's last price of $143.57. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 18, 2024 | Seaport Global | Buy | Buy | Hold |
| Oct 17, 2024 | Citigroup | Buy | Buy | Hold |
| Oct 10, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Oct 01, 2024 | Bank of America Securities | Neutral | Buy | Upgrade |
| Sep 17, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Sep 17, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Aug 15, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jun 18, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jun 17, 2024 | Wolfe Research | Underperform | Underperform | Hold |
| Jun 17, 2024 | Jefferies | Hold | Hold | Hold |
Steel Dynamics's last stock rating was published by Seaport Global on Oct 18, 2024. The company gave STLD a "Buy" rating, the same as its previous rate.
Steel Dynamics Financial Forecast
Steel Dynamics Revenue Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.23B | $4.59B | $5.08B | $4.89B | $4.83B | $5.65B | $6.21B | $5.57B | $5.31B | $5.09B | $4.47B | $3.54B | $2.60B | $2.33B | $2.09B |
| Avg Forecast | $3.70B | $3.76B | $3.64B | $4.57B | $4.71B | $4.86B | $4.81B | $4.58B | $4.60B | $4.49B | $4.34B | $4.08B | $4.18B | $4.43B | $4.74B | $4.22B | $4.49B | $5.51B | $4.95B | $4.73B | $5.52B | $5.98B | $5.40B | $5.26B | $4.98B | $4.19B | $3.41B | $2.53B | $2.21B | $2.08B |
| High Forecast | $3.78B | $3.84B | $3.71B | $4.67B | $4.81B | $4.96B | $4.92B | $4.67B | $4.69B | $4.59B | $4.48B | $4.18B | $4.24B | $4.43B | $4.74B | $4.31B | $4.58B | $5.63B | $5.05B | $4.83B | $5.76B | $6.24B | $5.63B | $5.49B | $5.19B | $4.37B | $3.55B | $2.64B | $2.31B | $2.17B |
| Low Forecast | $3.60B | $3.67B | $3.54B | $4.45B | $4.58B | $4.73B | $4.69B | $4.46B | $4.47B | $4.38B | $4.10B | $4.02B | $4.11B | $4.42B | $4.74B | $4.11B | $4.37B | $5.37B | $4.82B | $4.61B | $5.27B | $5.71B | $5.15B | $5.02B | $4.75B | $4.00B | $3.25B | $2.41B | $2.11B | $1.98B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.02% | 0.92% | 0.99% | 1.02% | 1.02% | 1.04% | 1.03% | 1.01% | 1.02% | 1.07% | 1.04% | 1.03% | 1.05% | 1.01% |
Steel Dynamics's average Quarter revenue forecast for Mar 24 based on 4 analysts is $4.74B, with a low forecast of $4.74B, and a high forecast of $4.74B. STLD's average Quarter revenue forecast represents a 11.88% increase compared to the company's last Quarter revenue of $4.23B (Dec 23).
Steel Dynamics EBITDA Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $630.26M | $880.43M | $1.21B | $977.99M | $884.55M | $1.33B | $1.72B | $1.56B | $1.50B | $1.39B | $1.02B | $662.80M | $316.97M | $229.93M | $206.20M |
| Avg Forecast | $694.67M | $706.99M | $683.09M | $858.65M | $883.97M | $911.91M | $904.15M | $859.30M | $862.89M | $843.88M | $814.92M | $766.17M | $784.40M | $831.52M | $1.77B | $792.99M | $842.46M | $1.04B | $1.61B | $1.64B | $1.03B | $1.12B | $1.46B | $982.99M | $929.39M | $782.60M | $596.87M | $471.92M | $413.00M | $388.17M |
| High Forecast | $709.20M | $721.78M | $697.37M | $876.61M | $902.46M | $930.98M | $923.05M | $877.27M | $880.94M | $861.53M | $841.39M | $785.09M | $796.20M | $832.12M | $2.12B | $808.42M | $860.08M | $1.06B | $1.93B | $1.96B | $1.08B | $1.16B | $1.75B | $1.03B | $969.50M | $816.37M | $716.24M | $492.29M | $430.83M | $404.92M |
| Low Forecast | $676.50M | $688.49M | $665.21M | $836.18M | $860.84M | $888.05M | $880.49M | $836.82M | $840.32M | $821.80M | $769.54M | $754.82M | $772.60M | $830.92M | $1.41B | $771.76M | $820.41M | $1.01B | $1.28B | $1.31B | $984.47M | $1.07B | $1.17B | $938.16M | $887.00M | $746.91M | $477.49M | $450.40M | $394.17M | $370.47M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.79% | 1.05% | 1.17% | 0.61% | 0.54% | 1.29% | 1.54% | 1.07% | 1.53% | 1.50% | 1.31% | 1.11% | 0.67% | 0.56% | 0.53% |
4 analysts predict STLD's average Quarter EBITDA for Mar 24 to be $1.77B, with a high of $2.12B and a low of $1.41B. This is 180.18% upper than Steel Dynamics's previous annual EBITDA (Dec 23) of $630.26M.
Steel Dynamics Net Income Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $424.27M | $577.20M | $812.11M | $637.31M | $634.86M | $914.33M | $1.21B | $1.10B | $1.10B | $990.76M | $702.29M | $430.51M | $187.84M | $100.14M | $75.50M |
| Avg Forecast | $338.10M | $356.88M | $328.71M | $575.10M | $573.29M | $563.05M | $496.88M | $380.02M | $392.88M | $396.05M | $351.37M | $270.64M | $310.07M | $424.24M | $1.25B | $411.28M | $553.61M | $747.64M | $1.14B | $1.19B | $812.94M | $1.00B | $1.03B | $886.10M | $751.74M | $517.39M | $387.68M | $118.62M | $73.70M | $61.96M |
| High Forecast | $347.29M | $366.59M | $337.65M | $590.74M | $588.87M | $578.36M | $510.39M | $390.36M | $403.56M | $406.82M | $441.94M | $291.06M | $318.50M | $425.86M | $1.50B | $412.85M | $568.66M | $767.97M | $1.36B | $1.42B | $858.55M | $1.06B | $1.24B | $935.81M | $793.91M | $546.41M | $465.22M | $125.27M | $77.83M | $65.44M |
| Low Forecast | $326.60M | $344.75M | $317.53M | $555.54M | $553.79M | $543.90M | $479.98M | $367.10M | $379.51M | $382.58M | $273.29M | $262.13M | $299.52M | $422.62M | $1.00B | $408.16M | $534.78M | $722.21M | $909.67M | $949.58M | $764.74M | $943.02M | $826.97M | $833.56M | $707.17M | $486.71M | $310.15M | $111.58M | $69.33M | $58.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.04% | 1.09% | 0.56% | 0.53% | 1.12% | 1.21% | 1.07% | 1.24% | 1.32% | 1.36% | 1.11% | 1.58% | 1.36% | 1.22% |
Steel Dynamics's average Quarter net income forecast for Mar 24 is $1.25B, with a range of $1.00B to $1.50B. STLD's average Quarter net income forecast represents a 194.81% increase compared to the company's last Quarter net income of $424.27M (Dec 23).
Steel Dynamics SG&A Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $204.26M | $210.31M | $232.20M | $213.88M | $221.82M | $237.75M | $258.12M | $280.48M | $325.53M | $271.41M | $236.52M | $198.63M | $156.42M | $130.01M | $118.39M |
| Avg Forecast | $175.68M | $178.79M | $172.75M | $217.15M | $223.55M | $230.62M | $228.65M | $217.31M | $218.22M | $213.41M | $206.09M | $193.76M | $198.37M | $210.29M | $317.80M | $200.54M | $213.05M | $261.77M | $288.91M | $354.33M | $262.31M | $283.91M | $262.64M | $249.97M | $236.34M | $199.01M | $178.87M | $120.01M | $105.03M | $98.71M |
| High Forecast | $179.35M | $182.53M | $176.36M | $221.69M | $228.23M | $235.44M | $233.44M | $221.86M | $222.79M | $217.88M | $212.78M | $198.54M | $201.35M | $210.44M | $381.36M | $204.45M | $217.51M | $267.24M | $346.69M | $425.20M | $273.63M | $296.16M | $315.17M | $260.76M | $246.54M | $207.60M | $214.64M | $125.19M | $109.56M | $102.97M |
| Low Forecast | $171.08M | $174.12M | $168.23M | $211.47M | $217.70M | $224.58M | $222.67M | $211.63M | $212.51M | $207.83M | $194.61M | $190.89M | $195.39M | $210.13M | $254.24M | $195.18M | $207.48M | $254.92M | $231.13M | $283.46M | $250.35M | $270.96M | $210.12M | $238.57M | $225.56M | $189.94M | $143.10M | $114.54M | $100.24M | $94.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 0.99% | 0.89% | 0.74% | 0.63% | 0.91% | 0.91% | 1.07% | 1.30% | 1.15% | 1.19% | 1.11% | 1.30% | 1.24% | 1.20% |
Steel Dynamics's average Quarter SG&A projection for Mar 24 is $317.80M, based on 4 Wall Street analysts, with a range of $254.24M to $381.36M. The forecast indicates a 55.58% rise compared to STLD last annual SG&A of $204.26M (Dec 23).
Steel Dynamics EPS Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.61 | $3.49 | $4.83 | $3.71 | $3.63 | $5.07 | $6.49 | $5.74 | $5.55 | $4.89 | $3.35 | $2.04 | $0.89 | $0.48 | $0.36 |
| Avg Forecast | $2.16 | $2.28 | $2.10 | $3.67 | $3.66 | $3.60 | $3.17 | $2.43 | $2.51 | $2.53 | $2.24 | $1.73 | $1.98 | $2.71 | $3.51 | $2.63 | $3.54 | $4.78 | $3.62 | $3.76 | $5.19 | $6.40 | $5.60 | $5.66 | $4.80 | $3.31 | $1.86 | $0.76 | $0.47 | $0.40 |
| High Forecast | $2.22 | $2.34 | $2.16 | $3.77 | $3.76 | $3.69 | $3.26 | $2.49 | $2.58 | $2.60 | $2.82 | $1.86 | $2.03 | $2.72 | $3.51 | $2.64 | $3.63 | $4.91 | $3.72 | $3.87 | $5.48 | $6.76 | $5.92 | $5.98 | $5.07 | $3.49 | $1.96 | $0.80 | $0.50 | $0.42 |
| Low Forecast | $2.09 | $2.20 | $2.03 | $3.55 | $3.54 | $3.47 | $3.07 | $2.35 | $2.42 | $2.44 | $1.75 | $1.67 | $1.91 | $2.70 | $3.51 | $2.61 | $3.42 | $4.61 | $3.50 | $3.64 | $4.89 | $6.02 | $5.27 | $5.33 | $4.52 | $3.11 | $1.75 | $0.71 | $0.44 | $0.37 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.99% | 1.01% | 1.02% | 0.96% | 0.98% | 1.01% | 1.02% | 0.98% | 1.02% | 1.01% | 1.10% | 1.17% | 1.02% | 0.91% |
According to 4 Wall Street analysts, Steel Dynamics's projected average Quarter EPS for Mar 24 is $3.51, with a low estimate of $3.51 and a high estimate of $3.51. This represents a 34.39% increase compared to STLD previous annual EPS of $2.61 (Dec 23).
Steel Dynamics Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SCHN | Schnitzer Steel Industries | - | - | 547.59% | |
| CLF | Cleveland-Cliffs | - | - | 59.31% | Buy |
| TX | Ternium | - | - | 49.57% | Buy |
| GGB | Gerdau | - | - | 47.49% | Buy |
| MT | ArcelorMittal | - | - | 46.83% | Buy |
| PKX | POSCO | - | - | 41.94% | Hold |
| NUE | Nucor | - | - | -1.19% | Hold |
| CMC | Commercial Metals Company | - | - | -2.40% | Buy |
| STLD | Steel Dynamics | - | - | -6.67% | Buy |
| X | United States Steel | - | - | -7.58% | Buy |
| RS | Reliance Steel & Aluminum | - | - | -13.08% | Buy |