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Steelcase ( (SCS) ) has shared an update.
On August 3, 2025, Steelcase Inc. entered into a merger agreement with HNI Corporation, involving a series of mergers that will result in Steelcase becoming a wholly owned subsidiary of HNI. The agreement outlines the conversion of Steelcase’s common stock into HNI shares or cash, with provisions for equity awards and voting agreements to facilitate the merger. This strategic move is expected to impact Steelcase’s operations by integrating it into HNI’s structure, potentially enhancing its market positioning and providing value to its shareholders.
The most recent analyst rating on (SCS) stock is a Buy with a $18.00 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 of 72 reflects solid financial performance, attractive valuation, and positive earnings call insights. The company’s consistent revenue growth and improving profitability are strong positives, though challenges in certain market segments and macroeconomic pressures could weigh on future performance. Technical analysis suggests a neutral market stance, while the low P/E ratio and high dividend yield support investment appeal.
To see Spark’s full report on SCS stock, click here.
More about Steelcase
Steelcase Inc. is a Michigan-based corporation operating in the furniture industry, primarily focusing on the design and manufacture of office furniture and workspaces.
Average Trading Volume: 858,623
Technical Sentiment Signal: Sell
Current Market Cap: $1.17B
Learn more about SCS stock on TipRanks’ Stock Analysis page.