KeyBanc maintains Overweight rating on Worthington Steel with $40 price target From Investing.com

On Thursday, KeyBanc reiterated its Overweight rating on Worthington Steel Inc (NYSE:WS) with an unchanged price target of $40.00. This assessment follows analysis of the company’s first quarter 2025 results, which ended in August.

The financial institution remains interested in Worthington Steel’s performance, highlighting its effective operational execution and positive trend in normalized earnings metrics. The bank’s analysts consider the valuation attractive and suggest that the stock could reach a range of between $40 and $50 in the long term if the growth initiatives are successfully implemented.

Based on Worthington Steel’s latest quarterly results, KeyBanc has adjusted its estimates but maintains its existing Overweight rating and price target. The bank’s analysis suggests that the company’s strategic efforts are in line with its financial goals.

The confirmed price target of $40.00 reflected KeyBanc’s confidence in Worthington Steel’s strategic direction and its ability to achieve its goals. The bank’s analysts believe that the company’s stock is promising provided the growth initiatives are implemented effectively.

KeyBanc’s valuation of Worthington Steel stock presents an optimistic outlook. There is a possibility that the stock price will rise to the forecast range if the company continues to successfully execute its growth strategies.

In other recent news, Worthington Steel is in focus due to its strong performance at the end of fiscal 2024. KeyBanc analysts maintained their Overweight rating and $40.00 price target on the company, indicating continued confidence in the business. KeyBanc’s outlook suggests that with successful growth strategies, Worthington Steel’s share price could potentially reach between $40 and $50.

Worthington Steel’s consistent performance and strong operational execution were highlighted, with particular mention of the positive trend in normalized profitability. This key metric provides insight into the company’s core earnings and financial health without taking into account one-time events or seasonal fluctuations.

Additionally, Worthington Steel has attracted the attention of KeyBanc Capital Markets, which raised its price target on the stock from $39 to $40. This adjustment came after a comprehensive tour of Worthington Steel’s Columbus Steel operations and discussions with company leadership.

Improved margins on higher value-added products and increased potential for profitable mergers and acquisitions were cited as key reasons for the revised earnings per share forecasts and adjusted price target.

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