Zacks upgraded shares of Schnitzer Steel Industries (NASDAQ:SCHN) from an underperform rating to a neutral rating in a research report released on Tuesday morning, AnalystRatings.Net reports. Zacks currently has $31.10 price objective on the stock.
Zacks has also updated their ratings on a number of other materials stocks in the last week. The firm reiterated its neutral rating on shares of Walter Energy Inc.. They have a $17.00 price target on that stock. Also, Zacks reiterated its neutral rating on shares of Freeport-McMoRan Copper & Gold Inc.. They have a $39.00 price target on that stock. Finally, Zacks downgraded shares of AMCOL International Corp. from a neutral rating to an underperform rating. Their analysts now have a $30.70 price target on that stock.
Separately, analysts at KeyCorp reiterated a hold rating on shares of Schnitzer Steel Industries in a research note to investors on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $27.02.
Shares of Schnitzer Steel Industries (NASDAQ:SCHN) traded down 0.27% during mid-day trading on Tuesday, hitting $29.04. The stock had a trading volume of 326,326 shares. Schnitzer Steel Industries has a 1-year low of $23.07 and a 1-year high of $32.99. The stock has a 50-day moving average of $28.19 and a 200-day moving average of $26.11. The company’s market cap is $776.3 million.
Schnitzer Steel Industries (NASDAQ:SCHN) last released its earnings data on Tuesday, October 29th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.32. The company had revenue of $657.00 million for the quarter, compared to the consensus estimate of $645.16 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. On average, analysts predict that Schnitzer Steel Industries will post $1.09 earnings per share for the current fiscal year.
Schnitzer Steel Industries, Inc (NASDAQ:SCHN) is a recycler of ferrous and nonferrous scrap metal.
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