Stelco Holdings Inc (TSE:STLC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Stelco Holdings Inc (TSE:STLCGet Rating) have received an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$51.13.

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Stelco from C$75.00 to C$73.00 in a research note on Thursday, August 4th. Scotiabank reduced their target price on Stelco from C$44.00 to C$41.50 in a report on Monday, October 31st. BMO Capital Markets reduced their target price on Stelco from C$53.00 to C$49.00 and set an “outperform” rating for the company in a report on Wednesday, September 14th. Stifel Nicolaus reduced their target price on Stelco from C$37.00 to C$32.50 in a report on Monday, October 31st. Finally, Royal Bank of Canada reduced their target price on Stelco from C$47.00 to C$42.00 and set a “sector perform” rating for the company in a report on Thursday, October 13th.

Stelco Stock Down 2.6 %

Shares of TSE:STLC opened at C$40.40 on Tuesday. The stock has a fifty day simple moving average of C$35.46 and a two-hundred day simple moving average of C$36.42. The stock has a market capitalization of C$2.23 billion and a price-to-earnings ratio of 1.63. Stelco has a 12-month low of C$30.20 and a 12-month high of C$56.99. The company has a current ratio of 2.49, a quick ratio of 1.89 and a debt-to-equity ratio of 32.02.

Stelco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, September 9th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, September 2nd. Stelco’s payout ratio is currently 4.44%.

Stelco Company Profile

(Get Rating)

Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company’s steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products.

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Analyst Recommendations for Stelco (TSE:STLC)

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