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.
Investment analysts gave a few price targets for SCS. The most optimistic price target was 16, implying a possible profit of 17.22 percent. The most pessimistic price target was 16, which equates to a potential downside of 17.22 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
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. 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 made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of SCS's earnings is estimated by analysts to be -6.63 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. SCS has a PEG ratio of -2.04.
SCS has a 52-week high of 18.15 and a 52-week low of 12.67. 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 will post this quarters earnings in days, on 0000-00-00.