Overview of Different Indicators: Steelcase Inc. (SCS), Sony Corporation (SNE)

You should consider shares of Steelcase Inc. (NYSE:SCS) and Sony Corporation (NYSE:SNE) if you are looking for a great stocks to invest in. Starting with the SCS shares, which traded at $19.47 at the close of the recent session, gaining 0.05%. On Wednesday, the company’s shares shed $0.01 from its value which represented in intraday trading. The stock is now -4.84% lower in year-to-date (YTD) trading. SCS’s intraday high was $19.57 while its lowest price touched $19.335. The stock’s 52-week high price is $23.02, which means the current price is at -15.42%. In terms of trading activity, the daily trading volume rose to 1093772 against 200-day average trading volume of 700,322 shares.

What are analyst forecasts for Steelcase Inc. (NYSE:SCS)?

At a consensus rating of 3.00, SCS is trending as a streaking Hold, as it has been the case a month ago when 1 analysts called it a Hold. Two months ago, 2 analysts recommended, on average, that SCS stock is a Hold. The Consumer Goods company’s shares’ overall bullish trend saw it close higher on Wednesday compared to its opening price of $19.40 on the day.

Forecasts for Steelcase Inc. (NYSE:SCS) give the stock a fair value for the growth of 2.65% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $20.00, which means the price per share could rise by nearly $0.53. The price range target is between a low of $20.00 and a high of $20.00. The stock would need to gain by about $2.65 to hit the estimated high or 0.74% from its 12-month low.

The consensus among 1 analysts is that it is a good time for one to Hold in the Steelcase Inc. 0 analysts rate SCS as a Buy, with 0 of 1 analysts rate it as a Sell. 0 have valued the stock as Overweight and 1 have recommended that investors Hold.

Steelcase Inc. (NYSE:SCS) Upgrades and Downgrades

In terms of rating changes, Raymond James on October 07, 2019, Downgrade Steelcase Inc. (SCS) at Mkt Perform. Analysts at Seaport Global Securities have assigned a Neutral rating for the stock in their research note on July 17, 2019. Moreover, Raymond James analysts issued a rating of Strong Buy for the stock on March 21, 2019, giving it a price target of $21 for the next 12 months. On October 12, 2018, the stock earned a Buy rating due to an analyst call from Seaport Global Securities, while analysts from Sidoti on September 20, 2017 suggested that the stock is Neutral.

Sony Corporation (NYSE:SNE) adds -$0.87 on Wednesday

The SNE stock has risen 5.29% year-to-date and is currently trading at $71.60, which is -1.85% below its 52-week high. The company shares lost -1.20% on the day and have risen nearly 70.84% off a low hit. At current levels, Sony Corporation has a valuation of about $78.32B. As of 01/15/20, this stock has risen 1.62% during the week and closed at $72.47 in the previous session. However, recent Sony Corporation stock performance shows that SNE shares are 5.96% up over the last month, and 22.39% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $1.82, with the trailing 12-month share earnings at $6.09. The ratio is expected to be down by -37.50% for the current year 2019 and 3.50% for next year. Over the next 5-year period, earnings per share will be -11.00%. But will the SNE stock surprise in the current quarter results, where the $1.38 actual EPS reported on 9/29/2019 surprised by 21.10% or was higher by $0.24 from the estimated $1.14.

Sales Growth to climb 1.80% for the year

How well will Sony Corporation perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $23.18B and $23.18B in current quarter sales. The consensus estimated for the current quarter is $23.18B from sales. Forecasts for this fiscal year are between $77.71B and $77.75B and the consensus estimate for sales is at $77.73B. SNE has its next quarter sales estimates at between $17.74B and $17.74B, with the quarter-over-quarter growth estimates at -8.10% and the annual growth forecast for the year at 1.80%.

Who owns shares in Sony Corporation (SNE)?

Let’s briefly focus on the share ownership of the Sony Corporation (NYSE:SNE) stock, where we find that 9.04% of shares are held by institutions. Primecap Management Company tops the list of institutional owners as it is holding 40.1 million shares or 35.54% of shares outstanding. Bank of America Corporation and Blackrock Inc. held 7.34 million and 7.32 million representing 6.50% and 6.49% respectively at the close of the last trading session. As of Sep 29, 2019, Aristotle Capital Management, LLC accounted for 6.82 million shares at over 403.52 million. This represented 6.05% of shares outstanding. Gamco Investors Inc held 3.24 million shares at over 191.83 million representing 2.87% of shares outstanding.