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Steelcase ( (SCS) ) has issued an announcement.
On August 8, 2025, Steelcase Inc. completed a significant stock conversion as part of a merger agreement with HNI Corporation, resulting in the conversion of 2,216,114 shares of Class B common stock into Class A common stock. This conversion, which aligns with the company’s strategic merger plans, leaves no outstanding shares of Class B stock and enhances the company’s capital structure, potentially impacting its market position and shareholder value.
The most recent analyst rating on (SCS) stock is a Hold with a $18.30 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 stock is strengthened by solid financial performance, undervalued valuation metrics, and strategic corporate events. However, mixed technical indicators and sector-specific challenges weigh on the overall score.
To see Spark’s full report on SCS stock, click here.
More about Steelcase
Steelcase Inc. operates in the office furniture industry, providing a range of products and services focused on workplace solutions.
Average Trading Volume: 1,436,453
Technical Sentiment Signal: Buy
Current Market Cap: $1.84B
For a thorough assessment of SCS stock, go to TipRanks’ Stock Analysis page.