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.
SCS was given price targets by several analysts. The most optimistic analyst gave a price target of 16, implying potential capital gains of 17.22 percent. The most pessimistic analyst gave a price target of 16, implying potential capital losses 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -36.88 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -22.04 percent in FY estimates.
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, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
SCS has an estimated earnings growth rate of -6.63 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. SCS has a PEG ratio of -2.04.
SCS has traded between a high of 18.15 and a low of 12.67 over the past year. The current market price is above the trailing year's low by 7.73 percent, and 24.79 percent below the high. SCS has a price/earnings 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.