Stelco Holdings Inc (TSE:STLC) Given Consensus Rating of “Hold” by Analysts

Shares of Stelco Holdings Inc (TSE:STLC) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$56.44.

STLC has been the subject of several research analyst reports. National Bankshares lowered their price objective on shares of Stelco from C$54.00 to C$52.00 in a report on Friday, May 10th. JPMorgan Chase & Co. reduced their price target on Stelco from C$50.00 to C$47.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 11th. Stifel Nicolaus lowered Stelco from a “buy” rating to a “hold” rating and raised their price objective for the company from C$47.00 to C$70.00 in a research report on Tuesday, July 16th. BMO Capital Markets reduced their target price on shares of Stelco from C$58.00 to C$55.00 and set an “outperform” rating on the stock in a research report on Monday, June 10th. Finally, Royal Bank of Canada increased their price target on shares of Stelco from C$43.00 to C$70.00 in a research note on Tuesday, July 16th.

Stelco Stock Down 0.0 %

Shares of TSE STLC opened at C$65.75 on Thursday. The firm has a fifty day simple moving average of C$49.39 and a two-hundred day simple moving average of C$44.30. Stelco has a 12 month low of C$32.93 and a 12 month high of C$67.00. The company has a current ratio of 1.85, a quick ratio of 1.55 and a debt-to-equity ratio of 60.97. The firm has a market capitalization of C$3.58 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 0.03 and a beta of 2.71.

Stelco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 24th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Thursday, May 16th. Stelco’s dividend payout ratio is currently 95.54%.

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.