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Investor Insights

This summary was created by AI, based on 7 opinions in the last 12 months.

Experts have mixed opinions on the performance of ASTL stock. While some recommend trailing up the stop and maintaining the position, others mention cost over runs and project delays being fully discounted into the price. The recent quarter showed a decrease in the Adjusted EBITDA margin but a growth in revenue and income from operations. The stock is trading at a decent valuation and pays a dividend of 2.7%, but it may hover around the current prices until a recovery in steel demand and pricing returns.

Consensus
Mixed
Valuation
Fair Value
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Aug 01/23, Down 0.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with ASTL has triggered its stop at $10.  To remain disciplined, we recommend covering the position at this time.  We combined with our past recommendations, this will result in a net investment gain of 12%  

steel
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Aug 01/23, Up 24.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with ASTL has achieved our $12.50 target.  To be disciplined, we recommend covering half the position and trailing up the stop (from $9.25) to $10.00 at this time.  

steel
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Aug 01/23, Up 11.2%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with ASTL is progressing well.  To remain disciplined, we recommend trailing up the stop (from $8.50) to $9.25 at this time.  

steel
PARTIAL BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

EPS of $0.24 missed estimates of $0.3067 and revenues of $732.6M beat expectations of $692.38M. Revenue of $732.6M, increased from $599.2M, and income from operations rose substantially. Its Adjusted EBITDA margin shrunk from 13.8% in the prior year to 11.1% in the recent quarter. Its results were negatively impacted by declines in steel prices due to labor stoppages at auto manufacturers in the US. Management expects a recovery in steel demand and pricing, however. Its balance sheet expanded, and its free cash flow grew. This was an OK quarter, and share prices are largely unchanged. It trades at a decent valuation of 0.4X forward sales and 7.1X forward earnings and pays a dividend of 2.7%. It may hover around these prices until a recovery in steel demand and pricing returns.
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steel
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

ASTL is one of Canada's largest steel producers.  It trades at 6x earnings, under book value and supports a 19% ROE.  Previously reported earnings indicated cost over runs and project delays that we feel have been fully discounted into the price.  Meanwhile plate mill modernization is moving ahead of schedule.  Its dividend is backed by a payout ratio under 20% of cash flow.  We recommend a stop-loss at $8.50, looking to achieve $12.50 -- upside potential over 21%.  Yield 2.6%  

(Analysts’ price target is $12.75)
steel
BUY ON WEAKNESS

Commodity cycle is key input for steel sector.
If economy is expanding, good time to buy steel companies.
Expecting a hard recession, so would not recommend buying.
Wait to buy when market/economy has fallen more.


steel
WATCH

Been pressured in recent months. The market is pricing in a recession risk later this year. Wouldn't sell it now. Trades at a discount. Wait and see how things develop.

steel
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Feb 09/23, Down 13.6%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with ASTL has triggered its stop at $9.50.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment loss of 2%, when combined with the previous buy recommendation.

steel
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Feb 09/23, Up 12.5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with ASTL is progressing well.  We recommend trailing up the stop at this time to $9.50.

steel
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We again reiterate this Canadian based steel producer as a TOP PICK.  Trading at under book value and supporting a 66% ROE it remains good value.  The company is growing cash reserves while it aggressively retires debt.  Its dividend is backed by a payout ratio under 10% of cash flow.  We recommend trailing up the stop-loss (from $7.50) to $8.50, looking to achieve $13.25 -- upside potential over 21%.  Yield 2.4%.

(Analysts’ price target is $13.21)
steel
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly We again reiterate this low cost producer of supplier of rolled steel to Canada and US Midwest as a TOP PICK. Recent corporate guidance disappointed the market as mill modernization did not go as per plan. However, they expect 2023 shipments to return to normal projections going forward. We like that they are back to building cash reserves, despite retiring debt. It continues to trade below book value. We continue to recommend keeping the stop loss at $7.50, looking to achieve $13.00 -- upside potential over 50%. Yield 3.0% (Analysts’ price target is $13.06)
steel
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate this low cost producer of supplier of rolled steel to Canada and US Midwest as a TOP PICK. Although recession fears are slowing demand for their product (resulting in steel prices plunging from $2000 US per ton to under $750), the fact remains the world is short raw materials. The company has bought back over a third of its shares and holds over $500 million in cash reserve according to one hedge fund holder and it trades below book value. We recommend keeping the stop loss at $7.50, looking to achieve $14.00 -- upside potential over 50%. Yield 3.0% (Analysts’ price target is $13.81)
steel
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

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
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Algoma Steel Group Inc(ASTL-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 5

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, 5 stock analysts published opinions about ASTL-T. 5 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?

5 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 2024-06-14, Algoma Steel Group Inc (ASTL-T) stock closed at a price of $9.89.