Algoma Steel Group Inc. (ASTL)
NASDAQ: ASTL · IEX Real-Time Price · USD
7.85
+0.20 (2.61%)
At close: Apr 17, 2024, 4:00 PM
7.82
-0.03 (-0.38%)
After-hours: Apr 17, 2024, 4:58 PM EDT
Algoma Steel Group Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Algoma Steel Group stock has a target of 14.25, which predicts an increase of 81.53% from the current stock price of 7.85.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jun 23, 2023.
Analyst Ratings
According to 1 stock analyst, the rating for ASTL is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Mar '24 | Apr '24 |
|---|---|---|
| Strong Buy | 1 | 1 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
| Total | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy Maintains $16 → $14 | Strong Buy | Maintains | $16 → $14 | +81.53% | Jun 23, 2023 |
Financial Forecast
Revenue This Year
2.81B
from 2.78B
Increased by 1.03%
Revenue Next Year
2.78B
from 2.81B
Decreased by -1.00%
EPS This Year
0.40
from 1.71
Decreased by -76.74%
EPS Next Year
1.47
from 0.40
Increased by 269.23%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 2.9B | 3.1B | 3.2B | 3.3B |
| Avg | 2.8B | 2.8B | 2.9B | 3.2B |
| Low | 2.7B | 2.5B | 2.5B | 3.1B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 5.8% | 8.7% | 15.8% | 14.8% |
| Avg | 1.0% | -1.0% | 3.3% | 11.6% |
| Low | -4.6% | -11.8% | -9.8% | 7.2% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 0.51 | 1.76 | 2.10 |
| Avg | 0.40 | 1.47 | 2.04 |
| Low | 0.28 | 1.18 | 1.96 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | -69.9% | 343.4% | 43.0% |
| Avg | -76.7% | 269.2% | 38.9% |
| Low | -83.4% | 195.6% | 33.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.