Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $27.20.

SCHN has been the subject of a number of recent analyst reports. Cowen reiterated a “buy” rating and issued a $50.00 target price on shares of Tricida in a research report on Tuesday, June 25th. Zacks Investment Research lowered shares of Eisai from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 24th. BidaskClub lowered shares of Zai Lab from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, ValuEngine lowered shares of TheStreet from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd.

Several large investors have recently bought and sold shares of SCHN. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Schnitzer Steel Industries by 1,119.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,292 shares of the basic materials company’s stock valued at $374,000 after purchasing an additional 13,120 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Schnitzer Steel Industries during the second quarter valued at approximately $201,000. James Investment Research Inc. grew its holdings in Schnitzer Steel Industries by 17.8% during the second quarter. James Investment Research Inc. now owns 26,455 shares of the basic materials company’s stock valued at $692,000 after purchasing an additional 4,000 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Schnitzer Steel Industries by 33.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 500,702 shares of the basic materials company’s stock valued at $13,105,000 after purchasing an additional 124,248 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Schnitzer Steel Industries by 13.5% during the second quarter. Bessemer Group Inc. now owns 60,600 shares of the basic materials company’s stock valued at $1,586,000 after purchasing an additional 7,200 shares during the last quarter. Institutional investors own 83.74% of the company’s stock.

Shares of Schnitzer Steel Industries stock traded up $0.44 during trading on Thursday, hitting $27.38. 122,007 shares of the stock were exchanged, compared to its average volume of 252,752. The company has a fifty day moving average of $24.93. The stock has a market cap of $723.27 million, a PE ratio of 5.08 and a beta of 1.43. The company has a current ratio of 2.36, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. Schnitzer Steel Industries has a 12 month low of $20.94 and a 12 month high of $33.70.

Schnitzer Steel Industries (NASDAQ:SCHN) last released its quarterly earnings results on Wednesday, June 26th. The basic materials company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $547.00 million during the quarter, compared to analyst estimates of $542.24 million. Schnitzer Steel Industries had a net margin of 4.63% and a return on equity of 15.72%. The company’s quarterly revenue was down 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Sell-side analysts expect that Schnitzer Steel Industries will post 2.27 EPS for the current fiscal year.

Schnitzer Steel Industries Company Profile

Schnitzer Steel Industries, Inc recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company operates through two segments, Auto and Metals Recycling (AMR), and Cascade Steel and Scrap (CSS). The AMR segment acquires, processes, and recycles scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting.

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