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 most optimistic price target was 21, implying potential capital gains of -20.3 percent. The most pessimistic analyst gave a price target of 15, which equates to a potential downside of -43.07 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 29.27 percent. That number becomes 65.62 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 9.96 percent. If we look at the last 90 days instead, we find a net average change of 36.08 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
The growth rate of SCHN's earnings is estimated by analysts to be -5.64 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies 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 below the high by 13.89 percent. 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.