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Algoma Steel Group Inc. (ASTL)

NASDAQ: ASTL · IEX Real-Time Price · USD
8.40
+0.08 (0.96%)
Nov 30, 2023, 11:39 AM EST - Market open

Algoma Steel Group Stock Forecast

Stock Price Forecast

According to 1 stock analyst, the 12-month stock price forecast for ASTL stock stock is $14.25, which predicts an increase of 69.64%. On average, analysts rate ASTL stock stock as a strong buy.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $14.25 $14.25 $14.25 $14.25
Change +69.64% +69.64% +69.64% +69.64%
* 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 Oct '23Nov '23
Strong Buy 11
Buy 00
Hold 00
Sell 00
Strong Sell 00
Total 11

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Ian Gillies
Stifel
 Stifel
Strong Buy
Maintains
$16 → $14
 Strong Buy Maintains $16 → $14 +69.64% Jun 23, 2023
Full Analyst Rating History

Financial Forecast

Revenue This Year
2.17B
from 2.78B
Decreased by -21.86%
Revenue Next Year
2.12B
from 2.17B
Decreased by -2.35%
EPS This Year
1.44
from 1.71
Decreased by -15.84%
EPS Next Year
1.36
from 1.44
Decreased by -5.38%
Year 20192020202120222023202420252026
Revenue
1.96B1.79B3.81B2.78B2.17B2.12B2.14B3.20B
Revenue Growth
-
-8.28%
112.05%
-27.00%
-21.86%
-2.35%
0.85%
49.81%
EPS
-2.46-1.067.751.711.441.361.51-
EPS Growth
---
-77.94%
-15.84%
-5.38%
11.18%
-
No. Analysts ----7743
Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2023202420252026
High 2.5B 2.5B 2.4B 3.3B
Avg 2.2B 2.1B 2.1B 3.2B
Low 2.0B 1.8B 1.9B 3.1B

Revenue Growth

Revenue Growth 2023202420252026
High
-10.9%
14.7%
14.2%
54.2%
Avg
-21.9%
-2.3%
0.8%
49.8%
Low
-28.2%
-16.2%
-10.7%
44.0%

EPS Forecast

EPS 202320242025
High 2.25 2.14 1.59
Avg 1.44 1.36 1.51
Low 1.07 0.73 1.43

EPS Growth

EPS Growth 202320242025
High
31.8%
48.9%
16.6%
Avg
-15.8%
-5.4%
11.2%
Low
-37.5%
-49.4%
4.8%
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.