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.
Many analysts weighed in on price targets for SCHN. The most optimistic price target was 21, implying a possible profit of -20.3 percent. The most pessimistic price target was 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. Meanwhile, fiscal year estimates have been revised upwards by 9.96 percent, compared to last month. 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 have revised their quarterly estimates upwards in the past 30 days, 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 made negative revisions to their fiscal year's estimates.
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, as that can indicate whether the high price level of a stock is warranted by high growth. 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.
In the last 52-weeks, SCHN has achieved a high of 30.60 and a low of 17.30. Today's price is 52.31 percent above the 52-week low, and 13.89 percent lower than its 52-week high. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.