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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Steel Dynamics, Inc. : The technical configuration is positive

04/26/2021 | 02:50am EDT
long trade
Target price hit
Entry price : 52.5$ | Target : 60$ | Stop-loss : 47.5$ | Potential : 14.29%
Shares in Steel Dynamics, Inc. show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the $ 60.
Steel Dynamics, Inc. : Steel Dynamics, Inc. : The technical configuration is positive
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.

  • The group usually releases upbeat results with huge surprise rates.
  • The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
  • Its low valuation, with P/E ratio at 6.34 and 13.99 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
  • For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The stock is in a well-established, long-term rising trend above the technical support level at 34.27 USD

ę MarketScreener.com 2021

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2021 17 090 M - -
Net income 2021 2 896 M - -
Net Debt 2021 476 M - -
P/E ratio 2021 4,62x
Yield 2021 1,65%
Capitalization 12 841 M 12 841 M -
EV / Sales 2021 0,78x
EV / Sales 2022 0,75x
Nbr of Employees 9 625
Free-Float 72,9%
Upcoming event on STEEL DYNAMICS, INC.
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 62,91 $
Average target price 79,67 $
Spread / Average Target 26,6%
EPS Revisions
Managers and Directors
Mark D. Millett Chairman, President & Chief Executive Officer
Theresa E. Wagler Chief Financial Officer & Executive Vice President
Robert E. Francis Chief Information Officer & Vice President
Frank D. Byrne Independent Director
James C. Marcuccilli Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
STEEL DYNAMICS, INC.70.63%12 841
POSCO32.35%24 061