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Citigroup Inc. disclosed Steel Dynamics, Inc. (NASDAQ:STLD), boosting its stock price target to $33.00 earlier today

In a report announced on 8/22/2016 Citigroup Inc. upped the target price of Steel Dynamics, Inc. (NASDAQ:STLD) from $0 to $33 reporting a possible upside of 0.33%.

Yesterday Steel Dynamics, Inc. (NASDAQ:STLD) traded 0.72% lower at $24.79. Steel Dynamics, Inc.’s 50-day moving average is $25.42 and its two hundred day average is $24.40. The last close is up 3.73% relative to the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. 4,766,860 shares of Steel Dynamics, Inc. traded, up from ann average volume of 3,047,220.

Performance Graph:

Steel Dynamics, Inc. (NASDAQ:STLD)

Steel Dynamics, Inc. has a P/E of 479 with a 52 week low of $15.32 and a 52 week high of $28.01. STLD’s market cap is presently $0.0.

A total of 16 equity analysts have issued a ratings update on the company. Three analysts rate the company a strong buy, 11 firms rate the company a buy, two firms rate the stock a hold, 0 rate the stock to underperform, and finally 0 brokeragesrate the stock as sell with an average target price of $27.63

About Steel Dynamics, Inc. (NASDAQ:STLD)

Steel Dynamics, Inc. is a steel producing and a metal recycling company. The Company is engaged in manufacturing and selling of steel products, processing and selling of recycled ferrous and non-ferrous metals, and fabricating and selling of steel joist and deck products. Its segments include steel operations, which include the Company’s Butler Flat Roll Division, Columbus Flat Roll Division, The Techs galvanizing lines, Structural and Rail Division, Engineered Bar Products Division, Roanoke Bar Division, Steel of West Virginia and Iron Dynamics (IDI); metals recycling operations, which include both ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage and consulting services; steel fabrication operations, which include over eight New Millennium Building Systems joist and deck plants located throughout the United States and Northern Mexico, and other operations, which consist of its Minnesota ironmaking operations, and and several smaller joint ventures.

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