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

Tipranks - Tipranks - Tue Feb 24, 6:28AM CST

J.P. Morgan analyst Bill Peterson reiterated a Hold rating on Steel Dynamics yesterday and set a price target of $194.00.

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According to TipRanks, Peterson is a 4-star analyst with an average return of 8.0% and a 52.61% success rate. Peterson covers the Basic Materials sector, focusing on stocks such as Constellium, Freeport-McMoRan, and Teck Resources.

In addition to J.P. Morgan, Steel Dynamics also received a Hold from TipRanks – Anthropic’s Anthropic Steel in a report issued on February 19. However, on the same day, TipRanks – OpenAI upgraded Steel Dynamics (NASDAQ: STLD) to a Buy.

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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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