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.
Several price targets were given for SCS by the analysts covering the stock. The highest price target was 16, implying potential capital gains of 17.22 percent. The most pessimistic analyst gave a price target of 16, which equates to a potential downside 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.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -36.88 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -22.04 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the 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, while 0 analysts decreased their estimates.
Analysts estimate earnings of SCS to grow at a rate of -6.63 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of SCS is -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 lower than its 52-week high. 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.