According to Zen Score, the 3 best steel stocks to buy right now are:
1. Steel Dynamics (NASDAQ:STLD)
Steel Dynamics (NASDAQ:STLD) is the top steel stock with a Zen Score of 56, which is 22 points higher than the steel industry average of 34. It passed 20 out of 38 due diligence checks and has strong fundamentals. Steel Dynamics has seen its stock return 40.11% over the past year, overperforming other steel stocks by 17 percentage points.
Steel Dynamics has an average 1 year
price target of $129.25, a downside of -4.39% from Steel Dynamics's current stock price of $135.18.
Steel Dynamics stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Steel Dynamics, 25% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 25% have issued a Strong Sell.
2. Gerdau Sa (NYSE:GGB)
Gerdau Sa (NYSE:GGB) is the second best steel stock with a Zen Score of 51, which is 17 points higher than the steel industry average of 34. It passed 18 out of 38 due diligence checks and has strong fundamentals. Gerdau Sa has seen its stock lose -10.01% over the past year, underperforming other steel stocks by -33 percentage points.
Gerdau Sa has an average 1 year
price target of $4.63, an upside of 26.37% from Gerdau Sa's current stock price of $3.66.
Gerdau Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Gerdau Sa, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Friedman Industries (NYSEMKT:FRD)
Friedman Industries (NYSEMKT:FRD) is the third best steel stock with a Zen Score of 48, which is 14 points higher than the steel industry average of 34. It passed 18 out of 38 due diligence checks and has strong fundamentals. Friedman Industries has seen its stock return 83.38% over the past year, overperforming other steel stocks by 60 percentage points.