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Algoma Steel Group (ASTL) Stock Forecast & Price Target

$8.87
+0.01 (+0.11%)
(As of 07/23/2024 ET)

Algoma Steel Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 1 Wall Street analysts who have issued ratings for Algoma Steel Group in the last 12 months, the stock has a consensus rating of "Buy." Out of the 1 analysts, 1 has given a buy rating for ASTL.

Consensus Price Target

N/A

According to the 1 analysts' twelve-month price targets for Algoma Steel Group,

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Buy
Buy
Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetN/AN/AN/AN/A
Forecasted UpsideN/AN/AN/AN/A
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ASTL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ASTL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Algoma Steel Group Stock vs. The Competition

TypeAlgoma Steel GroupBasic Materials CompaniesS&P 500
Consensus Rating Score
3.00
2.64
2.51
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside309.70% Upside9.25% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/17/2023Stifel Canada
0 of 5 stars
I. Gillies
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingBuy
2/15/2023BMO Capital Markets
3 of 5 stars
 Boost TargetC$11.00 ➝ C$15.00
1/18/2023Stifel Nicolaus
4 of 5 stars
 UpgradeHold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 07:53 AM ET.

ASTL Forecast - Frequently Asked Questions

Should I buy or sell Algoma Steel Group stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Algoma Steel Group in the last year. There is currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ASTL shares.

Do Wall Street analysts like Algoma Steel Group more than its competitors?

Analysts like Algoma Steel Group more than other "basic materials" companies. The consensus rating for Algoma Steel Group is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how ASTL compares to other companies.


This page (NASDAQ:ASTL) was last updated on 7/24/2024 by MarketBeat.com Staff

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