Worthington Steel Stock Target Price and Analyst Consensus
| WS Stock | 33.17 0.58 1.78% |
The current analyst and expert consensus on Worthington Steel is Buy, with only one strong buy opinion. The current projected Worthington Steel target price consensus is 29.00 with 2 analyst opinions. The most common way Worthington Steel analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Worthington Steel executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on Worthington Steel. We encourage you to use your own analysis of Worthington Steel to validate this buy or sell advice. Worthington Steel buy-or-sell recommendation module provides average expert sentiment on the projected Worthington Steel target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Worthington Steel to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For more information on how to buy Worthington Stock please use our How to Invest in Worthington Steel guide.
Lowest Forecast 26.39 | Highest Forecast 32.19 | Target Price 29 |
Worthington |
It's important to approach Worthington Steel's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Worthington Steel price targets
Worthington Steel's stock target price is an estimate of its future price, usually made by analysts. Using Worthington Steel's target price to determine if it is a suitable investment can be done through the following steps:- Look at Worthington Steel's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Worthington Steel's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Worthington Steel Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Worthington Steel is a key component of Worthington Steel valuation and have some predictive power on the future returns of a Worthington Steel.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Worthington Steel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Check out Macroaxis Advice on Worthington Steel to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For more information on how to buy Worthington Stock please use our How to Invest in Worthington Steel guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Worthington Stock analysis
When running Worthington Steel's price analysis, check to measure Worthington Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worthington Steel is operating at the current time. Most of Worthington Steel's value examination focuses on studying past and present price action to predict the probability of Worthington Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Steel's price. Additionally, you may evaluate how the addition of Worthington Steel to your portfolios can decrease your overall portfolio volatility.
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The data published in Worthington Steel's official financial statements usually reflect Worthington Steel's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Worthington Steel. For example, before you start analyzing numbers published by Worthington accountants, it's critical to develop an understanding of what Worthington Steel's liquidity, profitability, and earnings quality are in the context of the Metals & Mining space in which it operates.
Please note, the presentation of Worthington Steel's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Worthington Steel's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Worthington Steel's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Worthington Steel. Please utilize our Beneish M Score to check the likelihood of Worthington Steel's management manipulating its earnings.