NYSE:SCS

Steelcase - SCS Stock Forecast, Price & News

$8.42

0.00 (0.00%)

(As of 03/31/2023 12:00 AM ET)

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Today's Range: $8.26
▼
$8.57
50-Day Range: $7.14
▼
$8.74
52-Week Range: $6.20
▼
$12.43

Volume: 784,645 shs
Average Volume: 1.09 million shs
Market Capitalization: $949.61 million

P/E Ratio: 28.07
Dividend Yield: 4.75%
Price Target: $11.50

Institutional Ownership

Steelcase MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 36.6% Upside
$11.50 Price Target
Short Interest: Bearish
4.12% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.87
Upright™ Environmental Score
News Sentiment: 0.15
Based on 3 Articles This Week
Insider Trading: Selling Shares
$145,784 Sold Last Quarter
Proj. Earnings Growth: 31.75%
From $0.63 to $0.83 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Business Services Sector

29th out of 326 stocks

Office Furniture, Except Wood Industry

1st out of 2 stocks

3.3

Analyst's Opinion

Consensus Rating
Steelcase has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $11.50, Steelcase has a forecasted upside of 36.6% from its current price of $8.42.
Amount of Analyst Coverage
Steelcase has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.12% of the float of Steelcase has been sold short.
Short Interest Ratio / Days to Cover
Steelcase has a short interest ratio ("days to cover") of 4.2.
Change versus previous month

2.5

Dividend Strength

Dividend Leadership
Steelcase is a leading dividend payer. It pays a dividend yield of 4.72%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Steelcase does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Steelcase is 133.34%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Steelcase will have a dividend payout ratio of 48.19% next year. This indicates that Steelcase will be able to sustain or increase its dividend.

2.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Steelcase has received a -0.71% net impact score from Upright. The largest negative impact of Steelcase in category "GHG emissions" seems to be driven mostly by its "Glass mirrors", "Acoustics engineering of offices", "Wooden tables", "Stainless steel storage bins", "Wooden storage bins", and "Retail of lighting" products. See details.
Environmental Sustainability
The Environmental Impact score for Steelcase is -1.87.

2.9

News and Social Media Coverage

News Sentiment
Steelcase has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Steelcase this week, compared to 2 articles on an average week.
Search Interest
10 people have searched for SCS on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
4 people have added Steelcase to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Steelcase insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $145,784.00 in company stock.
Percentage Held by Insiders
12.77% of the stock of Steelcase is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
74.01% of the stock of Steelcase is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Steelcase are expected to grow by 31.75% in the coming year, from $0.63 to $0.83 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Steelcase is 28.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of Steelcase is 28.07, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 259.98.
Price to Earnings Growth Ratio
Steelcase has a PEG Ratio of 1.34. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Steelcase has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Steelcase (NYSE:SCS) Stock

Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through the Americas, EMEA, and Other Category segments. The firm's furniture portfolio includes panel, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including work tools and screens. Its seating products consist of ergonomic task chairs, seating for collaborative or casual settings, and specialty seating for specific vertical markets, such as healthcare and education. The firm's interior architectural products include full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers, and ceramic steel surfaces for use in various applications, including static whiteboards and chalkboards through third-party fabricators and distributors, as well as workplace strategy consulting, data-driven space measurement, lease origination, furniture and asset management, and hosted event services. The company markets and sells its products to corporate, gove

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SCS Stock News Headlines

March 27, 2023 | finance.yahoo.com

Steelcase Inc. (NYSE:SCS) Q4 2023 Earnings Call Transcript

March 26, 2023 | americanbankingnews.com

Steelcase (NYSE:SCS) Lifted to Buy at StockNews.com

April 1, 2023 | Vantage Point (Ad)

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March 25, 2023 | americanbankingnews.com

Steelcase (NYSE:SCS) Issues Q1 2024 Earnings Guidance

March 24, 2023 | finance.yahoo.com

Why Steelcase Stock Popped Today