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Credit Suisse announced Steel Dynamics Inc. (NDAQ:STLD), upping its target price to $36.00 today

Steel Dynamics Inc. (NDAQ:STLD) had its price target upped to $36.00 by Credit Suisse in an issued report issued 05/25/2017. The upped price target implies a potential upside of 0.05% from the company's previous stock price.

Having a price of $34.37, Steel Dynamics Inc. (NDAQ:STLD) traded 1.79% higher on the day. With the last stock price down 9.93% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.02% over the same period. STLD has recorded a 50-day average of $34.72 and a two hundred day average of $34.98. Trade Volume was down over the average, with 917,824 shares of STLD changing hands under the typical 2,769,000

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Steel Dynamics Inc. (NDAQ:STLD)

Steel Dynamics Inc. has price-earnings ratio of 17.66 with a one year low of $25.96 and a one year high of $40.17 and has a total market value of $0.

A total of 16 equity analysts have released a ratings update on STLD. Three equity analysts rating the company a strong buy, eleven analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $27.63.

More About Steel Dynamics Inc. (NDAQ:STLD)

Steel Dynamics, Inc. is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations. It offers a range of steel products, such as sheet products, long products and steel finishing. The steel operations segment includes 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. The metals recycling operations segment consists of OmniSource Corporation. The fabrication operations produce steel building components. The Other Operations segment consists of subsidiary operations and smaller joint ventures.

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