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.
SCHN was given price targets by several analysts. The highest price target was 21, implying potential capital gains of -20.3 percent. The lowest price target was 15, which equates to a potential downside of -43.07 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 29.27 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 65.62 percent. 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.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
SCHN has an estimated earnings growth rate of -5.64 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of SCHN is -3.05.
SCHN has a 52-week high of 30.60 and a 52-week low of 17.30. Currently the stock is 52.31 percent higher than its low, and below the high by 13.89 percent. SCHN has a P/E 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.