Worthington Steel Negotiates Potential Takeover Offer with Klöckner & Co SE
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: 22 minutes ago0mins
- Acquisition Negotiation Confirmation: Worthington Steel has confirmed that it is in negotiations with Klöckner & Co SE regarding a potential voluntary public takeover offer, although no investment decision has been made yet, which could significantly influence the company's future market positioning and strategic direction.
- Strengthening Industry Position: As one of the most trusted metals processors in North America, Worthington Steel is leveraging its expertise in carbon flat-roll steel processing and electrical steel laminations to drive the industry towards a more sustainable future, thereby enhancing its competitive edge.
- Global Operational Network: With 37 facilities across seven states and 10 countries, and approximately 6,000 employees, Worthington Steel's extensive operational network enables it to deliver highly technical and customized solutions, significantly improving the company's market responsiveness.
- Commitment to Sustainability: The company adheres to a people-first philosophy and is committed to sustainability, aiming to generate positive returns by providing innovative solutions that not only enhance customer trust but also create more opportunities for employees and strengthen communities.
WS.N
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Analyst Views on WS
Wall Street analysts forecast WS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WS is 36.00 USD with a low forecast of 36.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 36.350
Low
36.00
Averages
36.00
High
36.00
Current: 36.350
Low
36.00
Averages
36.00
High
36.00
KeyBanc
Overweight
maintain
$34 -> $36
2025-09-16
Reason
KeyBanc
Price Target
$34 -> $36
2025-09-16
maintain
Overweight
Reason
KeyBanc raised the firm's price target on Worthington Steel to $36 from $34 and keeps an Overweight rating on the shares. The firm cites FY26-FY27 estimate revisions, improved auto customer sentiment, and potential for Worthington Steel to make larger accretive acquisitions over the next 6-12 months.
KeyBanc
Overweight
downgrade
$34 -> $32
2025-06-21
Reason
KeyBanc
Price Target
$34 -> $32
2025-06-21
downgrade
Overweight
Reason
KeyBanc lowered the firm's price target on Worthington Steel to $32 from $34 on FY25-FY27 estimate revisions, while keeping an Overweight rating on the shares. The firm is also reducing its FY25 EBITDA to $203M on near-term automotive demand headwinds, and reducing its FY26 EBITDA is $240M and its FY27 EBITDA to $285M on lower-near term automotive demand somewhat lower galv spreads.
Keybanc
Philip Gibbs
Buy
Maintains
$41 → $34
2025-03-07
Reason
Keybanc
Philip Gibbs
Price Target
$41 → $34
2025-03-07
Maintains
Buy
Reason
KeyBanc lowered the firm's price target on Worthington Steel to $34 from $41 and keeps an Overweight rating on the shares. The firm says that following recent due diligence on Worthington Steel and ahead of its Q3 earnings release on March 19, KeyBanc lowered its FY25-FY27 EPS views given near-term automotive supply chain, mix, macro volatility.
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About WS
Worthington Steel, Inc. is a metal processor that partners with customers to deliver technical and customized solutions. The Company specializes in carbon flat-roll steel processing, electrical steel laminations and tailored-welded solutions. Its value-added processing capabilities include galvanizing, pickling, configured blanking, specialty cold reduction, lightweighting and electrical lamination. The Company operates approximately 38 facilities in seven states and 10 countries. It serves its customers primarily by processing flat-rolled steel coils, which it sources primarily from various North American steel mills, into the precise type, thickness, length, width, shape, and surface quality required by customer specifications. Its steel products include Hot Rolled Steel, cold rolled steel, and galvanized steel. The Company also produces electric motor laminations. The Company serves various end markets, including automotive, heavy truck, agriculture, construction, and energy.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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