Buy, Sell or Hold: Algoma Steel Group Inc (ASTL-T) — Stock Predictions at Stockchase

TSE:ASTL

9.50

0.21 (2.26%) 1d

Showing 1 to 15 of 102 entries

Unlock Panic-Proof Portfolio and Top Stock Picks

Become a member Or, Sign In

TOP PICK

Stockchase Research Editor: Michael O'Reilly This low cost producer of supplier of rolled steel is a key supplier of steel to Canada and US Midwest. It recently reached an agreement with union workers for the next five years and expects capacity to be ramping back up shortly after a few operational shortfalls. It trades under book value and manages a ROE over 75%. We like how it has increased cash reserves, while retiring debt. We recommend setting a stop loss at $7.50, looking to achieve $14.50 -- upside potential over 52%. Yield 2.2% (Analysts’ price target is $14.38)

steel

PAST TOP PICK

(A Top Pick Sep 07/21, Down 23%) Merger with Legato. Steel prices have come off, so this one has languished. Incredibly cheap. Less than 3x forward earnings. 97% ROE. High quality balance sheet and business. Don't sell here, as price has more than discounted a recession.

steel

Unspecified

With a one to two year time horizon it looks very attractive. It restructured and recently went public via SPAC which probably hurt the stock price. It is building an electric furnace which will boost output and be more efficient. It is trading at 1X which should be higher with a better economy in two years.

steel

HOLD

Loves steel and the whole space. He owns US Steel. Looks like NUE and X are poised to make a positive transit, and to go another zone higher. Once they do that, he'd be a seller. He suspects ASTL will do the same.

steel

BUY

The fundamentals speak for themselves. He likes trading the stock on both sides of the border. Steel should have continued strong demand going forward.

steel

BUY

It's up 40% since its SPAC Legato, but it's still cheap like all steel companies, given strong steel demand and limited steel capacity. With a focus on environmentalism, they've cleaned up their balance sheet from years ago and it's much cleaner now. The outlook is quite good and stock prices are cheap.

steel

BUY

There's a fair amount of speculation that the Canadian steels are all takeover targets. Starting to warm up to the steels. Have been impressed with how well they have managed inventories.

steel

WEAK BUY

Sold his holdings in the $30’s. Quite a flat chart over time. Steel industry is cyclical. This company has gone bankrupt twice at the bottom of the previous 2 steel cycles, but has new management, new balance sheet and excess cash. Outlook is a little tepid than it was.

steel

BUY

Has been a stellar performer. Bought back a lot of their shares. Steel prices look pretty solid at the moment. A cyclical company. Solid balance sheet. Will be starting to produce their own energy. Reasonable value.

steel

PAST TOP PICK

(A Top Pick Aug 11/05. Up 15.7%.) Brilliantly run. Great cash churning company. Wouldn't buy during this market correction, but once it over there is probably $4/5 upside.

steel

WAIT

Buying back $200 million of its stock via a Dutch auction. Great under valued asset play. Have their cost structure under control. Paying down their debt and returning cash to shareholders. Wait for the auction to finish when there may be a bit of a dip.

steel

HOLD

They have a lot of cash and there is speculation that they will have a very big distribution. Earnings are lower this year than they where last year. Would prefer it in the lower $30’s.

steel

SELL

Steel pricing continues to remain strong which indicates that either 1) things are going to continue to be good or 2) the market is saying things are going to start slowing down and steel will catch up on the downside. He would take some profits as it is probably up on speculation.

steel

DON'T BUY

Doing a share buyback. Not his top pick among the steel companies. This is a company that has gone through 2 or 3 resurrections. Expects the market for steel will be cooling off probably in 2007/2008.

steel

BUY

Still prices continue to rise. There will be some Chinese dumping issues going on which will put a little bit of pressure on them. Right now they are generating free cash flow yield in the 9% range.

steel

Showing 1 to 15 of 102 entries

Algoma Steel Group Inc(ASTL-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 4

Stockchase rating for Algoma Steel Group Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Algoma Steel Group Inc(ASTL-T) Frequently Asked Questions

What is Algoma Steel Group Inc stock symbol?

Algoma Steel Group Inc is a Canadian stock, trading under the symbol ASTL-T on the Toronto Stock Exchange (ASTL-CT). It is usually referred to as TSX:ASTL or ASTL-T

Is Algoma Steel Group Inc a buy or a sell?

In the last year, 4 stock analysts published opinions about ASTL-T. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Algoma Steel Group Inc.

Is Algoma Steel Group Inc a good investment or a top pick?

Algoma Steel Group Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Algoma Steel Group Inc.

Why is Algoma Steel Group Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Algoma Steel Group Inc worth watching?

4 stock analysts on Stockchase covered Algoma Steel Group Inc In the last year. It is a trending stock that is worth watching.

What is Algoma Steel Group Inc stock price?

On 2022-10-06, Algoma Steel Group Inc (ASTL-T) stock closed at a price of $9.5.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.