Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Steelcase Inc. (NYSE: SCS) weakened during the last several trading days. SCS’ current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Steelcase Inc. (NYSE: SCS) stock was unchanged 0.0% on 5/10/24. The shares closed at $13.15. However, trading volume in this flat performance was exceptionally low at 43% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 7.3% during the last week.
Current PriceTarget Research Rating
SCS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Steelcase has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Steelcase has a slightly negative Appreciation Score of 36 but a good Power Rating of 84, resulting in the High Neutral Value Trend Rating.
Be the first to comment