Based on the Algoma Steel Group Inc stock forecast from 2 analysts, the average analyst target price for Algoma Steel Group Inc is CAD 17.83 over the next 12 months. Algoma Steel Group Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Algoma Steel Group Inc is Neutral, which is based on 7 positive signals and 7 negative signals. At the last closing, Algoma Steel Group Inc’s stock price was CAD 11.73. Algoma Steel Group Inc’s stock price has changed by -1.18% over the past week, -1.10% over the past month and +6.35% over the last year.
No recent analyst target price found for Algoma Steel Group Inc
No recent average analyst rating found for Algoma Steel Group Inc
Company Overview Algoma Steel Group Inc
Algoma Steel Group Inc. produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications, as well as energy and mining applications. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Marie, Canada. Read Less
Algoma Steel Group Inc. produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry,...Read More
Frequently Asked Questions About Algoma Steel Group Inc (ASTL:CA) Stock
Based on ratings from 2 analysts Algoma Steel Group Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Neutral. The stock has 4 buy, sell and hold ratings.
ASTL:CA stock's dividend yield is 2.43%.
Our analysis grades ASTL:CA stock's dividend yield at F. This means that ASTL:CA stock's dividend yield is above 25% of the stocks in the Steel sector in the TSX exchange.
Based on this ASTL:CA may be a poor dividend stock for its sector.
Based on targets from 2 analysts, the average taret price for ASTL:CA is CAD 17.83 over the next 12 months. The maximum analyst target price is CAD 22 while the minimum anlayst target price is CAD 15.
ASTL:CA stock's Price/Earning ratio is 17.73.
Our analysis grades ASTL:CA stock's Price / Earning ratio at F. This means that ASTL:CA stock's Price/Earning ratio is above 50% of the stocks in the Steel sector in the TSX exchange.
Based on this ASTL:CA may be fairly valued for its sector
The last closing price of ASTL:CA's stock was CAD 11.73.
The most recent market capitalization for ASTL:CA is CAD 1.24B.
Based on targets from 2 analysts, the average taret price for ASTL:CA is projected at CAD 17.83 over the next 12 months.
This means that ASTL:CA's stock price may go up by +52.03% over the next 12 months.
We can't find any ETFs which contains Algoma Steel Group Inc's stock.
As per our most recent records Algoma Steel Group Inc has 2,844 Employees.
Algoma Steel Group Inc's registered address is 105 West Street, Sault Ste. Marie, ON, Canada, P6A 7B4.
You can get more information about it from Algoma Steel Group Inc's website at https://algoma.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low debt
The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.
Underpriced on cashflow basis
The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
What not to like
Poor capital utilization
The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Low market capitalization
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Frequently Asked Questions About Algoma Steel Group Inc (ASTL:CA) Stock
Based on ratings from 2 analysts Algoma Steel Group Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Neutral. The stock has 4 buy, sell and hold ratings.
ASTL:CA stock's dividend yield is 2.43%.
Our analysis grades ASTL:CA stock's dividend yield at F. This means that ASTL:CA stock's dividend yield is above 25% of the stocks in the Steel sector in the TSX exchange.
Based on this ASTL:CA may be a poor dividend stock for its sector.
Based on targets from 2 analysts, the average taret price for ASTL:CA is CAD 17.83 over the next 12 months. The maximum analyst target price is CAD 22 while the minimum anlayst target price is CAD 15.
ASTL:CA stock's Price/Earning ratio is 17.73.
Our analysis grades ASTL:CA stock's Price / Earning ratio at F. This means that ASTL:CA stock's Price/Earning ratio is above 50% of the stocks in the Steel sector in the TSX exchange.
Based on this ASTL:CA may be fairly valued for its sector
The last closing price of ASTL:CA's stock was CAD 11.73.
The most recent market capitalization for ASTL:CA is CAD 1.24B.
Based on targets from 2 analysts, the average taret price for ASTL:CA is projected at CAD 17.83 over the next 12 months.
This means that ASTL:CA's stock price may go up by +52.03% over the next 12 months.
We can't find any ETFs which contains Algoma Steel Group Inc's stock.
As per our most recent records Algoma Steel Group Inc has 2,844 Employees.
Algoma Steel Group Inc's registered address is 105 West Street, Sault Ste. Marie, ON, Canada, P6A 7B4.
You can get more information about it from Algoma Steel Group Inc's website at https://algoma.com.
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