Steelcase Inc. (NYSE: SCS). Important positive changes in fundamentals have recently occurred: the consensus estimate for February, 2025 increased significantly, the consensus estimate for February, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Significant positive changes in investment behavior have recently occurred for Steelcase Inc. (NYSE: SCS): positive upside/downside volume developed.
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 34 but a slightly positive Power Rating of 69, leading to the Neutral Value Trend Rating.
Recent Price Action
On 8/1/24, Steelcase Inc. (NYSE: SCS) stock declined by -2.6%, closing at $14.11. However, below average trading volume at 73% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 3.9% during the last week.
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