Steelcase Inc. which can be found using ticker (SCS) now have 2 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 12 and 9.6 calculating the average target price we see $10.80. Given that the stocks previous close was at $7.94 and the analysts are correct then we can expect a percentage increase in value of 36.0%. There is a 50 day moving average of $7.77 and the 200 moving average now moves to $8.67. The market cap for the company is $902m. Find out more information at: https://www.steelcase.com
The potential market cap would be $1,226m based on the market consensus.
Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company’s furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, and mobile power and screens. Its seating products comprise task chairs; seating for collaborative environments and casual settings; and specialty seating for specific vertical markets, including education and healthcare. The company’s interior architectural products comprise full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and workplace strategy consulting, lease origination, and furniture and asset management services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Designtex, Coalesse, AMQ, Smith System, Orangebox, and Viccarbe brands. It distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. The company was founded in 1912 and is headquartered in Grand Rapids, Michigan.
The company has a dividend yield of 5.01% with the ex dividend date set at 4-4-2023 (DMY).
Other points of data to note are a P/E ratio of 26.6, revenue per share of 27.61 and a 2.37% return on assets.
