Analyst Ratings for Steelcase Inc. (SCS)Updated: 2017-07-27
Analysts covering Steelcase Inc. (NYSE:SCS) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for SCS last month.
5 analysts issued ratings on the stock, where 1 gave SCS a buy rating, 1 gave an overweight rating, 3 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
A number of analysts gave price targets for SCS. The highest price target was 16, implying a possible profit of 17.22 percent. The lowest price target was 16, implying a possible loss of 17.22 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is -36.88 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -22.04 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of SCS to grow at a rate of -6.63 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. SCS has a PEG ratio of -2.04.
In the trailing 52-weeks, SCS hit 18.15 at the highest peak, while it's lowest trading point was 12.67. Currently the stock is 7.73 percent higher than its low, and below the high by 24.79 percent. SCS has a P/E ratio of 13.51. Investors typically compare the P/E ratio to a company's peers in the industry. The SCS value stock report compares SCS to some of its peers using value stock charts. The market cap of SCS is $1.62 billion. SCS's next earnings release will be on 0000-00-00, which is days away.