While Steelcase, Inc. has overperformed by 2.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SCS rose by 23.11%, with highs and lows ranging from $14.74 to $10.29, whereas the simple moving average jumped by 1.56% in the last 200 days.
On November 30, 2022, The Benchmark Company Downgraded Steelcase, Inc. (NYSE: SCS) to Hold. A report published by Sidoti on October 04, 2022, Upgraded its rating to ‘Buy’ for SCS. Sidoti also Downgraded SCS shares as ‘Neutral’, setting a target price of $12 on the company’s shares in a report dated September 15, 2022. Berenberg Initiated an Buy rating on May 11, 2021, and assigned a price target of $17. The Benchmark Company May 07, 2021d its ‘Hold’ rating to ‘Buy’ for SCS, as published in its report on May 07, 2021. The Benchmark Company also rated the stock as ‘Hold’.
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Analysis of Steelcase, Inc. (SCS)
The current dividend for SCS investors is set at $0.40 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 0.14%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Steelcase, Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 13.63% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.23, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and SCS is recording an average volume of 654.91K. On a monthly basis, the volatility of the stock is set at 2.84%, whereas on a weekly basis, it is put at 2.31%, with a loss of -0.75% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.67, showing growth from the present price of $13.21, which can serve as yet another indication of whether SCS is worth investing in or should be passed over.
How Do You Analyze Steelcase, Inc. Shares?
Steelcase, Inc. (SCS) is based in the USA and is one of the most prominent companies operating in the Business Equipment & Supplies market. When comparing Steelcase, Inc. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 12.56, there is a growth in quarterly earnings of 130.04%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 25.13%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 73.21% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SCS shares are owned by institutional investors to the tune of 73.21% at present.
