Stelco Holdings Inc (TSE:STLC – Get Rating) has received a consensus rating of “Moderate Buy” from the ten rating agencies currently covering the stock, reports MarketBeat.com. One research analyst has rated the stock with a hold rating and five have rated the company with a buy rating. The average 12-month target price among brokers who have issued reports on the stock over the past year is CA$53.37.
Several analysts have rated STLC stock. National Bankshares raised its price target on Stelco shares to CAD55.00 from CAD51.00 in a research note on Wednesday, July. Eight Capital lowered its price target on Stelco shares to CAD53.70 from CAD63.85 and gave the company a “buy” rating in a research note on Wednesday, July 27. Stifel Nicolaus lowered his price target on shares of Stelco from C$41.00 to C$37.00 in a research note on Wednesday, September 21. JPMorgan Chase & Co. lowered its price target on shares of Stelco from C$75.00 to C$73.00 in a research note on Thursday, August 4. Finally, the Royal Bank of Canada lowered its price target on Stelco shares to C$47.00 from C$48.00 and issued a research note on Friday, August 12, putting a “Sector Perform” rating on the company .
Stelco stock performance
TSE STLC opened at CAD$34.30 on Monday. The company has a 50-day moving average of $35.52 and a 200-day moving average of $40.18. The company has a debt to equity ratio of 32.02, a quick ratio of 1.89 and a current ratio of 2.49. The stock has a market cap of $2.17 billion and a P/E of 1.28. Stelco has a 52-week low of $30.20 and a 52-week high of $56.99.
Stelco announces dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. A dividend of $0.30 was paid to shareholders of record on Friday, September 9th. That equates to an annualized dividend of $1.20 and a yield of 3.50%. The ex-dividend date of this dividend was Friday September 2nd. Stelco’s payout ratio is currently 4.09%.
Stelco company profile
Stelco Holdings Inc is a Canada-based company and owner of one of the most technologically advanced integrated steelmaking facilities in North America. The Company produces flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products, and metallurgical coke. With thickness, crown and shape control, as well as reliable mechanical property uniformity, the company’s steel products are supplied to customers in the construction, automotive and energy industries throughout Canada and the United States, as well as to a variety of steel service centers, the regional distributors of steel products are.
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