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J.P. Morgan Sticks to Its Hold Rating for Steel Dynamics (STLD)

Tipranks - Tipranks - Wed Apr 15, 4:36AM CDT

J.P. Morgan analyst Bill Peterson maintained a Hold rating on Steel Dynamics today and set a price target of $205.00.

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According to TipRanks, Peterson is a 4-star analyst with an average return of 6.7% and a 50.60% success rate. Peterson covers the Basic Materials sector, focusing on stocks such as Nucor, Steel Dynamics, and MP Materials.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Steel Dynamics with a $195.17 average price target.

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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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