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.
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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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.
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.
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.
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
In the last year, 6 stock analysts published opinions about ASTL-T. 6 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.
Algoma Steel Group Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Algoma Steel Group Inc.
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.
6 stock analysts on Stockchase covered Algoma Steel Group Inc In the last year. It is a trending stock that is worth watching.
On 2024-04-24, Algoma Steel Group Inc (ASTL-T) stock closed at a price of $10.56.
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.