Research Analysts’ Weekly Ratings Updates for Schnitzer Steel Industries (SCHN)

Several analysts have recently updated their ratings and price targets for Schnitzer Steel Industries (NASDAQ: SCHN):

  • 4/13/2018 – Schnitzer Steel Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Schnitzer Steel Industries, Inc. collects, processes and recycles metals by operating one of the largest metals recycling businesses in the United States. They also manufacture finished steel products at their technologically advanced steel mini-mill. “
  • 4/11/2018 – Schnitzer Steel Industries was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 4/7/2018 – Schnitzer Steel Industries was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 4/5/2018 – Schnitzer Steel Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $36.00 price target on the stock. According to Zacks, “Schnitzer Steel Industries, Inc. collects, processes and recycles metals by operating one of the largest metals recycling businesses in the United States. They also manufacture finished steel products at their technologically advanced steel mini-mill. “
  • 4/4/2018 – Schnitzer Steel Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Schnitzer Steel Industries, Inc. collects, processes and recycles metals by operating one of the largest metals recycling businesses in the United States. They also manufacture finished steel products at their technologically advanced steel mini-mill. “
  • 3/30/2018 – Schnitzer Steel Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $35.00 price target on the stock. According to Zacks, “Schnitzer Steel Industries, Inc. collects, processes and recycles metals by operating one of the largest metals recycling businesses in the United States. They also manufacture finished steel products at their technologically advanced steel mini-mill. “
  • 3/28/2018 – Schnitzer Steel Industries was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 3/22/2018 – Schnitzer Steel Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock. According to Zacks, “Schnitzer Steel Industries, Inc. collects, processes and recycles metals by operating one of the largest metals recycling businesses in the United States. They also manufacture finished steel products at their technologically advanced steel mini-mill. “
  • 3/21/2018 – Schnitzer Steel Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Schnitzer Steel Industries, Inc. collects, processes and recycles metals by operating one of the largest metals recycling businesses in the United States. They also manufacture finished steel products at their technologically advanced steel mini-mill. “
  • 3/20/2018 – Schnitzer Steel Industries is now covered by analysts at Goldman Sachs. They set a “buy” rating and a $42.00 price target on the stock.
  • 3/16/2018 – Schnitzer Steel Industries was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 3/1/2018 – Schnitzer Steel Industries was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.

Shares of SCHN traded up $0.50 on Monday, hitting $31.40. 300,780 shares of the stock traded hands, compared to its average volume of 350,454. The company has a market capitalization of $837.58, a P/E ratio of 20.52 and a beta of 1.41. The company has a quick ratio of 1.25, a current ratio of 2.42 and a debt-to-equity ratio of 0.36. Schnitzer Steel Industries, Inc. has a one year low of $17.50 and a one year high of $38.85.

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Schnitzer Steel Industries (NASDAQ:SCHN) last announced its quarterly earnings results on Thursday, April 5th. The basic materials company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.51. Schnitzer Steel Industries had a net margin of 4.68% and a return on equity of 14.28%. The company had revenue of $559.00 million during the quarter, compared to the consensus estimate of $507.82 million. During the same quarter last year, the firm earned $0.37 earnings per share. The firm’s quarterly revenue was up 46.3% compared to the same quarter last year. sell-side analysts expect that Schnitzer Steel Industries, Inc. will post 3.39 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Schnitzer Steel Industries by 96.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,015 shares of the basic materials company’s stock worth $101,000 after acquiring an additional 1,481 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Schnitzer Steel Industries by 325.7% during the 3rd quarter. Sei Investments Co. now owns 6,220 shares of the basic materials company’s stock worth $175,000 after acquiring an additional 4,759 shares during the last quarter. OppenheimerFunds Inc. purchased a new position in shares of Schnitzer Steel Industries during the 4th quarter worth $247,000. UBS Asset Management Americas Inc. purchased a new position in shares of Schnitzer Steel Industries during the 4th quarter worth $258,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Schnitzer Steel Industries during the 4th quarter worth $307,000. Institutional investors own 91.00% of the company’s stock.

Schnitzer Steel Industries, Inc is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company operates through two segments: the Auto and Metals Recycling (AMR) business and the Steel Manufacturing Business (SMB). The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure.

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