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

Stelco Holdings Inc (TSE:STLC) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$56.44.

STLC has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Stelco from C$43.00 to C$70.00 in a research report on Tuesday, July 16th. Stifel Nicolaus lowered Stelco from a “buy” rating to a “hold” rating and upped their target price for the stock from C$47.00 to C$70.00 in a research note on Tuesday, July 16th. Cormark lowered Stelco from a “buy” rating to a “tender” rating and boosted their price objective for the stock from C$58.50 to C$70.00 in a report on Tuesday, July 16th. National Bankshares decreased their price objective on shares of Stelco from C$54.00 to C$52.00 in a research report on Friday, May 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Stelco from C$50.00 to C$47.00 and set an “overweight” rating for the company in a research note on Tuesday, June 11th.

Stelco Price Performance

Shares of TSE:STLC opened at C$65.50 on Monday. The company has a 50 day moving average of C$56.43 and a 200 day moving average of C$46.44. 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 stock has a market cap of C$3.57 billion, a P/E ratio of 20.86, a P/E/G ratio of 0.03 and a beta of 2.71. Stelco has a 12 month low of C$32.93 and a 12 month high of C$67.00.

Stelco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 26th were issued a dividend of $0.75 per share. The ex-dividend date was Monday, August 19th. This represents a $3.00 annualized dividend and a dividend yield of 4.58%. This is a positive change from Stelco’s previous quarterly dividend of $0.50. Stelco’s dividend payout ratio (DPR) 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.