Stelco (TSE:STLC) PT Set at C$48.00 by JPMorgan Chase & Co.

JPMorgan Chase & Co. set a C$48.00 target price on Stelco (TSE:STLC – Get Rating) in a research report report published on Tuesday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Several other brokerages also recently commented on STLC. Stifel Nicolaus dropped their price objective on shares of Stelco from C$47.00 to C$46.00 in a research note on Thursday, May 18th. Royal Bank of Canada set a C$52.00 price objective on shares of Stelco and gave the company a sector perform rating in a report on Friday, March 24th. National Bankshares raised their price objective on shares of Stelco from C$49.00 to C$51.00 in a report on Friday, February 24th. Eight Capital raised their price objective on shares of Stelco from C$43.25 to C$48.00 in a report on Friday, February 24th. Finally, Cormark boosted their price objective on shares of Stelco from C$59.50 to C$63.00 in a research note on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of C$52.25.

Stelco Stock Performance

Stelco stock opened at C$42.97 on Tuesday. The stock has a market cap of C$2.37 billion, a PE ratio of 2.94, a P/E/G ratio of 0.03 and a beta of 2.42. The company has a quick ratio of 1.55, a current ratio of 1.98 and a debt-to-equity ratio of 60.28. The business’s 50-day moving average price is C$48.87 and its two-hundred day moving average price is C$48.69. Stelco has a 12-month low of C$30.20 and a 12-month high of C$60.57.

Stelco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 23rd. Stockholders of record on Tuesday, May 23rd were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Wednesday, May 17th. Stelco’s dividend payout ratio (DPR) is presently 11.48%.

Stelco Company Profile

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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.