Analysts Are Neutral on These Materials Stocks: Steel Dynamics (STLD), Hexcel (HXL)

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Analysts fell to the sidelines weighing in on Steel Dynamics (STLD – Research Report) and Hexcel (HXL – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Steel Dynamics (STLD)

In a report issued on June 16, Katja Jancic from BMO Capital maintained a Hold rating on Steel Dynamics, with a price target of $115.00. The company’s shares closed last Friday at $102.53.

According to TipRanks.com, Jancic is a 3-star analyst with an average return of 10.7% and a 78.6% success rate. Jancic covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, GrafTech International, and United States Steel.

The word on The Street in general, suggests a Hold analyst consensus rating for Steel Dynamics with a $105.22 average price target, a 1.8% upside from current levels. In a report issued on June 16, Bank of America Securities also maintained a Hold rating on the stock with a $123.00 price target.

See today’s best-performing stocks on TipRanks >>

Hexcel (HXL)

BMO Capital analyst John McNulty maintained a Hold rating on Hexcel on June 16 and set a price target of $74.00. The company’s shares closed last Friday at $72.11, close to its 52-week high of $75.47.

According to TipRanks.com, McNulty is a 4-star analyst with an average return of 3.9% and a 55.0% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as DuPont de Nemours, Westlake Chemical, and Chemours Company.

The word on The Street in general, suggests a Hold analyst consensus rating for Hexcel with a $70.25 average price target.

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