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New Buy Rating for Steel Dynamics (STLD), the Basic Materials Giant

Tipranks - Tipranks - Thu Feb 19, 9:40AM CST

In a report released today, Chris LaFemina from Jefferies maintained a Buy rating on Steel Dynamics, with a price target of $195.00.

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LaFemina covers the Basic Materials sector, focusing on stocks such as Steel Dynamics, Vale SA, and Rio Tinto. According to TipRanks, LaFemina has an average return of 15.6% and a 56.30% success rate on recommended stocks.

In addition to Jefferies, Steel Dynamics also received a Buy from TipRanks – xAI’s xAi Steel in a report issued on February 13. However, on the same day, TipRanks – OpenAI downgraded Steel Dynamics (NASDAQ: STLD) to a Hold.

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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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