Stelco Holdings Inc (TSE:STLC) Given Average Recommendation of “Moderate Buy” by Brokerages

Stelco Holdings Inc (TSE:STLC) has received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$49.94.

STLC has been the subject of a number of research reports. BMO Capital Markets dropped their target price on shares of Stelco from C$58.00 to C$55.00 and set an “outperform” rating for the company in a report on Monday, June 10th. JPMorgan Chase & Co. dropped their target price on shares of Stelco from C$50.00 to C$47.00 and set an “overweight” rating for the company in a report on Tuesday, June 11th. National Bankshares dropped their price objective on shares of Stelco from C$54.00 to C$52.00 in a report on Friday, May 10th. Stifel Nicolaus dropped their price objective on shares of Stelco from C$49.00 to C$47.00 in a report on Friday, May 10th. Finally, Cormark dropped their price objective on shares of Stelco from C$60.00 to C$58.50 in a report on Wednesday, May 1st.

Stelco Stock Performance

TSE:STLC opened at C$37.05 on Wednesday. The company has a debt-to-equity ratio of 58.19, a quick ratio of 1.55 and a current ratio of 2.07. The company has a fifty day moving average of C$40.92 and a two-hundred day moving average of C$42.76. The stock has a market capitalization of C$2.04 billion, a PE ratio of 9.17, a P/E/G ratio of 0.03 and a beta of 2.40. Stelco has a fifty-two week low of C$32.93 and a fifty-two week high of C$51.10.

Stelco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 24th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.00 dividend on an annualized basis and a yield of 5.40%. Stelco’s dividend payout ratio (DPR) is 49.50%.

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.