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Morgan Stanley Sticks to Its Hold Rating for Steel Dynamics (STLD)

Tipranks - Tipranks - Fri Mar 20, 12:23PM CDT

Morgan Stanley analyst Carlos De Alba maintained a Hold rating on Steel Dynamics yesterday and set a price target of $190.00.

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According to TipRanks, De Alba is a 5-star analyst with an average return of 17.0% and a 57.96% success rate. De Alba covers the Basic Materials sector, focusing on stocks such as Steel Dynamics, Cleveland-Cliffs, and Nucor.

In addition to Morgan Stanley, Steel Dynamics also received a Hold from TipRanks – Anthropic’s Anthropic Steel in a report issued yesterday. However, on the same day, Citi maintained 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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