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Steelcase (SCS) in Focus: Stock Rises 11.6%

Zacks Equity Research

Steelcase Inc. (SCS) was a big mover last session, as the company saw its shares rise over 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $214.06 to $15.29 in the past one-month time frame.

The company has seen two negative revisions in the past few 30 days while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s jump lasts.

Steelcase currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the business services sector include CBIZ, Inc. (CBZ), ICF International Inc. (ICFI) and MAXIMUS, Inc. (MMS). All of these sport a Zacks Rank #1 (Strong Buy).

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STEELCASE INC (SCS): Free Stock Analysis Report

CBIZ INC (CBZ): Free Stock Analysis Report

ICF INTERNATIONAL INC (ICFI): Free Stock Analysis Report

MAXIMUS INC (MMS): Free Stock Analysis Report

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