Last Updated: 16 Oct 2024
Executive Summary
Worthington Steel Inc. (WS) is a steel processor in North America. The company has a market capitalization of $1.68 billion and trades on the NYSE. WS is currently trading at $33.64, which is below its 52-week high of $40.80 and above its 52-week low of $20.68.
Company Overview
WS is a leading processor and distributor of flat-rolled carbon steel products. The company's products are used in a variety of industries, including automotive, construction, and manufacturing. WS has a strong customer base and a diversified product portfolio.
Fundamental Analysis
WS has a strong financial profile. The company's revenue has grown steadily in recent years, and its profit margins are healthy. WS has a strong balance sheet with low debt levels. The company's earnings per share (EPS) is expected to grow by 10% in 2023.
Technical Analysis
WS's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is also trending higher, which indicates that the stock is in a bullish trend.
Short Term Outlook
WS's stock price is expected to continue to trend higher in the short term. The stock is currently trading at a discount to its analyst target price of $40.00. The company's strong financial performance and positive technical indicators suggest that the stock is a good buy.
Long Term Outlook
WS's long-term outlook is also positive. The company is well-positioned to benefit from the growing demand for steel products. The company's strong customer base and diversified product portfolio will help it to continue to grow its revenue and earnings in the years to come.
Analyst Recommendations
The majority of analysts have a buy rating on WS. The average analyst target price is $40.00.
