Olympic Steel Stock Target Price and Analyst Consensus

ZEUS -  USA Stock  

USD 25.62  1.15  4.30%

The current analyst and expert consensus on Olympic Steel is Hold, with 0 strong sell and 0 strong buy opinions. The current projected Olympic Steel target price consensus is 0.0 with 0 analyst opinions. The most common way Olympic Steel analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Olympic 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 Olympic Steel. We encourage you to use your own analysis of Olympic Steel to validate this buy or sell advice. Olympic Steel buy-or-sell recommendation module provides average expert sentiment on the projected Olympic Steel target price to derive its highest and lowest estimates based on projected price volatility of 0.0. Check out Macroaxis Advice on Olympic Steel to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.

Olympic Analyst Recommendations 

 
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As of 10/27/2021, Gross Profit is likely to drop to about 191.7 M. In addition to that, Profit Margin is likely to drop to -0.46. Olympic Steel Trade and Non Trade Payables is relatively stable at the moment as compared to the past year. Olympic Steel reported last year Trade and Non Trade Payables of 50.12 Million. As of 10/27/2021, Tax Liabilities is likely to grow to about 23.8 M, while Accumulated Other Comprehensive Income is likely to drop (68 K).

Olympic Steel Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Olympic target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Olympic target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Number of OpinionsOne
Lowered Outlook0
Raized Outlook0
Hold
Most Olympic analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Olympic stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Olympic Steel, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Olympic Steel Target Price Projection

Olympic Steel's current and average target prices are 25.62 and 0.00, respectively. The current price of Olympic Steel is the price at which Olympic Steel is currently trading. On the other hand, Olympic Steel's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Olympic Steel Market Quote on 27th of October 2021

Low Price25.35Odds
High Price26.67Odds

25.62

Target Price

Analyst Consensus On Olympic Steel Target Price

Low Estimate0.0Odds
High Estimate0.0Odds
Number of AnalystsOne
Standard Deviation0.0

0.0

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Olympic Steel and the information provided on this page.

Olympic Steel Analyst Ratings

Olympic Steel's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Olympic Steel stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Olympic Steel's financials, market performance, and future outlook by experienced professionals. Olympic Steel's historical ratings below, therefore, can serve as a valuable tool for investors.

Average Consensus Estimates

About Olympic Steel Target Price Projections

Olympic Steel's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to stocks such as Olympic Steel and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Stock is worth and where the price will be in a year from now. Generally, the target price of Olympic depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for Olympic Steel
 2018 2019 2020 2021 (projected)
Long Term Debt to Equity0.990.630.530.5
Interest Coverage5.341.470.07730.0794

Additional Olympic 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 Olympic Steel is a key component of Olympic Steel valuation and have some predictive power on the future returns of a Olympic Steel.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Olympic 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. Please use the tools below to analyze the current value of Olympic Steel in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
22.7325.7628.79
Details
Intrinsic
Valuation
LowReal ValueHigh
23.4526.4829.51
Details
Earnings
Estimates (2)
LowProjected EPSHigh
8.598.728.85
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Olympic Steel. Your research has to be compared to or analyzed against Olympic Steel's peers to derive any actionable benefits. When done correctly, Olympic Steel's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Olympic Steel.

Currently Trending Themes

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Macroaxis Index
Invested over 1M shares
Retail
Invested over 50 shares
Banking
Invested over 200 shares
Check out Macroaxis Advice on Olympic Steel to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. Note that the Olympic Steel information on this page should be used as a complementary analysis to other Olympic Steel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for Olympic Stock analysis

When running Olympic Steel price analysis, check to measure Olympic 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 Olympic Steel is operating at the current time. Most of Olympic Steel's value examination focuses on studying past and present price action to predict the probability of Olympic Steel's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Olympic Steel's price. Additionally, you may evaluate how the addition of Olympic Steel to your portfolios can decrease your overall portfolio volatility.
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The data published in Olympic Steel's official financial statements usually reflect Olympic 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 Olympic Steel. For example, before you start analyzing numbers published by Olympic accountants, it's critical to develop an understanding of what Olympic Steel's liquidity, profitability, and earnings quality are in the context of the Basic Materials space in which it operates.
Please note, the presentation of Olympic 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, Olympic Steel's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Olympic Steel's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Olympic Steel. Please utilize our Beneish M Score to check the likelihood of Olympic Steel's management to manipulate its earnings.