TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Steelcase ( (SCS) ).
HNI Corporation is proceeding with its acquisition of Steelcase Inc. by offering to exchange outstanding Steelcase notes for new HNI notes, aiming to amend the existing indenture to eliminate certain covenants. On October 9, 2025, Steelcase entered into a Supplemental Indenture to effect these amendments, which will become operative following the settlement of the exchange offer, expected shortly after October 27, 2025.
The most recent analyst rating on (SCS) stock is a Buy with a $18.50 price target. To see the full list of analyst forecasts on Steelcase stock, see the SCS Stock Forecast page.
Spark’s Take on SCS Stock
According to Spark, TipRanks’ AI Analyst, SCS is a Outperform.
Steelcase’s overall stock score is driven by strong earnings performance and positive technical indicators. The company’s record revenue and earnings growth, particularly in the Americas and International segments, are significant strengths. However, financial performance is hindered by cash flow challenges, and valuation metrics suggest the stock may be overvalued. The positive earnings call sentiment further supports the stock’s potential, despite regional challenges and restructuring costs.
To see Spark’s full report on SCS stock, click here.
More about Steelcase
Steelcase Inc. is a Michigan-based company operating in the office furniture industry, known for its design and manufacturing of furniture products and solutions for work environments.
Average Trading Volume: 2,123,862
Technical Sentiment Signal: Buy
Current Market Cap: $1.93B
See more insights into SCS stock on TipRanks’ Stock Analysis page.