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STLD

Steel Dynamics

$24.23

0.34 (1.42%)

17:31
10/18/16
10/18
17:31
10/18/16
17:31

Steel Dynamics announces $450M share repurchase program

Steel Dynamics announced that its board has authorized a share repurchase program of up to $450M of the company's common stock. The authorization is effective immediately. The board canceled the previously authorized program.

  • 20

    Oct

STLD Steel Dynamics
$24.23

0.34 (1.42%)

08/22/16
SBSH
08/22/16
INITIATION
Target $33
SBSH
Buy
Steel Dynamics initiated with a Buy at Citi
Citi analyst Alexander Hacking initiated Steel Dynamics with a Buy and $33 price target saying it is fundamentally undervalued relative to its sustainable ROIC.
08/22/16
08/22/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. AK Steel (AKS) initiated with a Neutral at Citi and a Buy at Rosenblatt. 2. U.S. Steel (X) and Steel Dynamics (STLD) were initiated with a Buy at Citi while the firm initiated Nucor (NUE) and Commercial Metals (CMC) with a Neutral. 3. Pinnacle Entertainment (PNK) initiated with a Buy at BofA/Merrill. 4. Ferrellgas Partners LP (FGP) initiated with a Neutral at Piper Jaffray. 5. Kadmon (KDMN) initiated with an Outperform at JMP Securities, with a Neutral at Citi, and with a Buy at H.C. Wainwright. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/15/16
BOFA
09/15/16
NO CHANGE
BOFA
BofA/Merrill cautious on US steel prices correcting into 2H 2016
BofA/Merrill analyst Timma Tanners is cautious on U.S. steel prices correcting into 2H 2016 and expects foreign tons to target the U.S. to shrink the U.S. premium. The analyst lowered Q4 HRC spot price to $520/st from $570/st and trimmed 2H 2016 volume assumptions due to inventory destocking and shorter lead times. As a result, Tanners lowered price target on U.S. Steel (X) to $16 from $21 , Reliance Steel (RS) to $78 from $84, Nucor (NUE) to $50 from $55, Steel Dynamics (STLD) to $27 from $28, and Commercial Metals (CMC) to $15 from $16.
09/20/16
COWN
09/20/16
NO CHANGE
Target $33
COWN
Outperform
Steel Dynamics weakness would be buying opportunity, says Cowen
Cowen analyst Anthony Rizzuto said Steel Dynamics remains his top pick and should be bought on pullbacks. The analyst expects Q3 profitability to increase due to improved metal spreads. Rizzuto reiterated his Outperform rating and $33 price target on Steel Dynamics shares.

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C

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O

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0.22 (0.42%)

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NGD

New Gold

$3.44

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New Gold

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0.05 (1.47%)

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PYPL

PayPal

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CE

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WMT

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CME

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CE

Celanese

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SRC

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JUNO

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$45.60

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NRZ

New Residential

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EXEL

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