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Home › Stocks › Steelcase Inc. (SCS) Stock Forecast & Price Prediction United States | NYSE | Consumer Cyclical | Furnishings, Fixtures & Appliances
$10.46
-0.02 (-0.19%)10 Quality Stocks Worth Considering Now
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Based on our analysis of 5 Wall Street analysts, SCS has a bullish consensus with a median price target of $16.00 (ranging from $16.00 to $18.00). Currently trading at $10.46, the median forecast implies a 53.0% upside. This outlook is supported by 2 Buy, 0 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Reuben Garner at Benchmark, projecting a 72.1% upside. Conversely, the most conservative target is provided by Joe Gomes at Noble Capital Markets, suggesting a 53.0% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for SCS.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Oct 9, 2024 | Noble Capital Markets | Joe Gomes | Outperform | Initiates | $16.00 |
Jun 24, 2024 | Benchmark | Reuben Garner | Buy | Maintains | $18.00 |
Jun 21, 2024 | Benchmark | Reuben Garner | Buy | Maintains | $18.00 |
Jun 14, 2024 | Benchmark | Reuben Garner | Buy | Upgrade | $17.00 |
Nov 30, 2022 | Benchmark | Reuben Garner | Hold | Downgrade | $0.00 |
Sep 23, 2022 | Benchmark | Reuben Garner | Buy | Maintains | $12.00 |
Sep 15, 2022 | Sidoti & Co. | Gregory Burns | Neutral | Downgrade | $0.00 |
May 7, 2021 | Benchmark | Reuben Garner | Buy | Upgrade | $17.00 |
Aug 24, 2020 | Benchmark | Hold | Downgrade | $0.00 | |
Jun 1, 2020 | Sidoti & Co. | Neutral | Maintains | $12.00 | |
Mar 25, 2020 | Sidoti & Co. | Gregory Burns | Neutral | Maintains | $10.00 |
Mar 16, 2020 | Sidoti & Co. | Gregory Burns | Neutral | Maintains | $14.00 |
Dec 18, 2019 | Sidoti & Co. | Neutral | Maintains | $20.00 | |
Oct 7, 2019 | Raymond James | Market Perform | Downgrade | $0.00 | |
Sep 23, 2019 | Raymond James | Strong Buy | Maintains | $23.00 | |
Mar 21, 2019 | Raymond James | Budd Bugatch | Strong Buy | Upgrade | $21.00 |
Sep 24, 2018 | Raymond James | Budd Bugatch | Outperform | Maintains | $20.00 |
Sep 1, 2017 | Sidoti & Co. | Buy | Upgrade | $0.00 | |
Jun 23, 2017 | Raymond James | Outperform | Downgrade | $0.00 | |
Nov 4, 2016 | Seaport Global | Neutral | Initiates | $0.00 |
The following stocks are similar to Steelcase based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Steelcase Inc. has a market capitalization of $1.20B with a P/E ratio of 10.3x. The company generates $3.17B in trailing twelve-month revenue with a 3.8% profit margin.
Revenue growth is +1.7% quarter-over-quarter, while maintaining an operating margin of +1.4% and return on equity of +13.1%.
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Designs and manufactures office furniture solutions.
Steelcase Inc. generates revenue by designing and selling a variety of office furniture products. Their offerings are tailored to enhance workplace productivity and wellbeing, catering to diverse sectors such as corporate, educational, healthcare, and government markets. The company's integration of technology into furniture solutions promotes 'smart' workspaces that adapt to modern business needs.
Headquartered in Grand Rapids, Michigan, Steelcase prioritizes sustainability and innovation in its product designs. The company is recognized for its influential role in transforming work environments and is a significant player in the global furniture market.
Consumer Cyclical
Furnishings, Fixtures & Appliances
11,300
Ms. Sara E. Armbruster
United States
1998
Steelcase Inc. shows growth potential from improving orders and market diversification, despite near-term margin pressures. The stock is trading below historical averages, presenting a buy opportunity.
Steelcase Inc. shows strong growth potential with improving orders, a solid backlog, and market diversification, while trading at a discount, presenting a compelling buy opportunity.
The Steelcase Gesture chair has been recognized for its ergonomic innovation, addressing the increasing demand for adaptable seating solutions in the workplace.
Recognition of the Steelcase Gesture chair highlights strong demand for ergonomic office solutions, potentially boosting Steelcase's market position and sales, affecting stock performance.
Steelcase (SCS) has a consensus price target suggesting a 48.3% upside. Increased earnings estimate revisions indicate potential near-term stock growth.
A 48.3% upside potential indicates strong growth expectations for Steelcase (SCS), and positive earnings revisions suggest imminent stock price increases.
Investing in the stocks of ERJ, SCS, and AXTA is recommended to capitalize on their high efficiency levels.
Stocks of ERJ, SCS, and AXTA are highlighted for their high efficiency, indicating potential for strong performance and returns, attracting investor interest.
Furniture-retailer stocks are declining as investors anticipate significant impacts from President Trump's new tariffs, which may undermine years of industry efforts to mitigate such costs.
Furniture-retailer stocks are declining due to concerns over new tariffs, which could significantly impact profit margins and sales, signaling potential volatility in the sector.
Zacks emphasizes its ranking system based on earnings estimates and revisions to identify strong stocks, while also monitoring value, growth, and momentum trends.
The Zacks Rank system highlights earnings potential through estimates, guiding investors towards stocks with strong growth and momentum, which can lead to better investment decisions.
Based on our analysis of 5 Wall Street analysts, Steelcase Inc. (SCS) has a median price target of $16.00. The highest price target is $18.00 and the lowest is $16.00.
According to current analyst ratings, SCS has 2 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $10.46. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict SCS stock could reach $16.00 in the next 12 months. This represents a 53.0% increase from the current price of $10.46. Please note that this is a projection by Wall Street analysts and not a guarantee.
Steelcase Inc. generates revenue by designing and selling a variety of office furniture products. Their offerings are tailored to enhance workplace productivity and wellbeing, catering to diverse sectors such as corporate, educational, healthcare, and government markets. The company's integration of technology into furniture solutions promotes 'smart' workspaces that adapt to modern business needs.
The highest price target for SCS is $18.00 from Reuben Garner at Benchmark, which represents a 72.1% increase from the current price of $10.46.
The lowest price target for SCS is $16.00 from Joe Gomes at Noble Capital Markets, which represents a 53.0% increase from the current price of $10.46.
The overall analyst consensus for SCS is bullish. Out of 5 Wall Street analysts, 2 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $16.00.
Stock price projections, including those for Steelcase Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.