5 Best Steel Stocks to Buy According to Analysts

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1. Worthington Steel, Inc. (NYSE:WS)

Average Analyst Rating: 1.00

Number of Hedge Fund Holders: 8

Based in Worthington, Ohio, Worthington Steel, Inc. (NYSE:WS) is a market-leading steel processor and producer of electrical steel laminations and automotive lightweighting solutions that partners with customers to deliver highly technical and customized solutions.

Worthington Steel, Inc. (NYSE:WS) was formed through a spin-off from Worthington Enterprises, Inc. (NYSE:WOR), formerly Worthington Industries, Inc., on December 1. The separation aims to promote a more focused strategic approach for both companies.

On December 4, KeyBanc analyst Philip Gibbs initiated coverage of Worthington Steel, Inc. (NYSE:WS) shares with an ‘Overweight’ rating and a price target of $29.

Worthington Steel, Inc. (NYSE:WS) is the best steel stock to buy according to analysts based on its average analyst ratings. The stock was owned by 8 prominent hedge funds as of December 31.

You may also like to read 15 Best Stocks to Buy According to Billionaire D.E. Shaw and 14 Stocks With Heavy Insider Buying In 2024

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