Analyst Ratings for Schnitzer Steel Industries Inc. (SCHN)Updated: 2017-07-28
Analysts covering Schnitzer Steel Industries Inc. (NASDAQ:SCHN) have given it a consensus rating of Underweight. A consensus rating of Hold was previously issued for SCHN last month.
Of the 3 analysts covering the stock, 0 gave it a buy rating, 0 gave an overweight rating, 2 gave a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 1.
Several price targets were given for SCHN by the analysts covering the stock. The highest price target was 21, which equates to a potential upside of -20.3 percent. The most pessimistic price target was 15, implying a possible loss of -43.07 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates upwards for this quarter, by about 29.27 percent on average, compared to last month. That number becomes 65.62 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 9.96 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 36.08 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
Analysts estimate earnings of SCHN to grow at a rate of -5.64 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of SCHN is -3.05.
In the trailing 52-weeks, SCHN hit 30.60 at the highest peak, while it's lowest trading point was 17.30. Currently the stock is 52.31 percent higher than its low, and 13.89 percent below the high. SCHN has a price/earnings ratio of 17.22. Investors typically compare the P/E ratio to a company's peers in the industry. The SCHN value stock report compares SCHN to some of its peers using value stock charts. The market cap of SCHN is $0.70621 billion. SCHN's next earnings release will be on 0000-00-00, which is days away.