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, which equates to a potential upside of 17.22 percent. The lowest price target was 16, implying a possible loss of 17.22 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -36.88 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. 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 made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. 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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, 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.
In the trailing 52-weeks, SCS hit 18.15 at the highest peak, while it's lowest trading point was 12.67. Today's price is 7.73 percent above the 52-week low, 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 stock has a market capitalization of $1.62 billion. SCS's next earnings release will be on 0000-00-00, which is days away.