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 maximum price target given was 21, which equates to a potential upside of -20.3 percent. The most pessimistic analyst gave a price target of 15, implying potential capital losses of -43.07 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates upwards for this quarter, by about 29.27 percent on average, compared to last month. 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. 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. 2 analysts have revised their quarterly estimates upwards in the past 30 days, 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 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. A lower PEG ratio is favorable, 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, 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 last 52-weeks, SCHN has achieved a high of 30.60 and a low of 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.