Shares of Stelco Holdings Inc (TSE:STLC – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$50.50.
STLC has been the subject of several research reports. UBS Group set a C$51.00 price target on Stelco and gave the stock a “neutral” rating in a research note on Tuesday, January 16th. Stifel Nicolaus cut their target price on shares of Stelco from C$52.00 to C$49.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Scotiabank increased their price target on shares of Stelco from C$46.00 to C$51.00 and gave the company a “sector perform” rating in a research report on Friday, February 23rd. National Bankshares cut their price objective on Stelco from C$55.00 to C$54.00 and set an “outperform” rating for the company in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. reduced their target price on Stelco from C$56.00 to C$50.00 and set an “overweight” rating on the stock in a research note on Friday, February 23rd.
Get Our Latest Stock Report on Stelco
Stelco Stock Performance
Stelco Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, March 7th were issued a dividend of $0.50 per share. This is a boost from Stelco’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.00 annualized dividend and a dividend yield of 4.96%. Stelco’s dividend payout ratio (DPR) is 74.07%.
Stelco Company Profile
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.
Further Reading
- Five stocks we like better than Stelco
- Low PE Growth Stocks: Unlocking Investment Opportunities
- The 3 Hottest Insiders Buys This Month
- How to Invest in Biotech Stocks
- What Bulls and Bears May Be Getting Wrong about SOFI Stock
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Microsoft Analysis: Trends, Predictions & Investment Insight
Receive News & Ratings for Stelco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stelco and related companies with MarketBeat.com's FREE daily email newsletter.