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J.P. Morgan Reaffirms Their Hold Rating on Steel Dynamics (STLD)

Tipranks - Tipranks - Tue Apr 7, 5:06AM CDT

J.P. Morgan analyst Bill Peterson maintained a Hold rating on Steel Dynamics yesterday and set a price target of $192.00.

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Peterson covers the Basic Materials sector, focusing on stocks such as Nucor, Steel Dynamics, and MP Materials. According to TipRanks, Peterson has an average return of 2.8% and a 46.72% success rate on recommended stocks.

In addition to J.P. Morgan, Steel Dynamics also received a Hold from TipRanks – xAI’s xAi Steel in a report issued today. However, on March 25, KeyBanc initiated coverage with a Buy rating on Steel Dynamics (NASDAQ: STLD).

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Based on Steel Dynamics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.41 billion and a net profit of $266.03 million. In comparison, last year the company earned a revenue of $3.87 billion and had a net profit of $207.29 million

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