Recent notable positive changes in fundamentals have benefitted Steelcase Inc. (NYSE: SCS): the consensus estimate for February, 2025 increased significantly, the consensus estimate for February, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Important positive changes in Steelcase Inc. (NYSE: SCS) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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 (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 72, producing the Neutral Value Trend Rating.
Recent Price Action
Steelcase Inc. (NYSE: SCS) stock closed at $13.53 on 7/15/24 after a modest gain of 0.4%. NORMAL trading volume accompanied the advance. The stock has risen 5.5% during the last week and has performed in line with the market over the last nine months.
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