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What to Expect from Schnitzer Steel Industries, Inc. (SCHN) Earnings Per Share?

Out of 3 analysts covering Schnitzer Steel (NASDAQ:SCHN), 2 rate it “Buy”, 1 “Sell”, while 0 “Hold”. This means 67% are positive. $25 is the highest target while $15.2 is the lowest. The $20.10 average target is 6.12% above today’s ($18.94) stock price. Schnitzer Steel was the topic in 6 analyst reports since May 1, 2015 according to StockzIntelligence Inc. Zacks downgraded the stock on August 12 to “Buy” rating.

The institutional sentiment decreased to 1 in Q2 2015. Its down 0.44, from 1.44 in 2015Q1. The ratio dropped, as 25 funds sold all Schnitzer Steel Industries, Inc. shares owned while 39 reduced positions. 19 funds bought stakes while 45 increased positions. They now own 21.38 million shares or 3.42% more from 20.68 million shares in 2015Q1.

Rutabaga Capital Management Llc Ma holds 3.1% of its portfolio in Schnitzer Steel Industries, Inc. for 1.76 million shares. Lesa Sroufe & Co owns 163,090 shares or 1.95% of their US portfolio. Moreover, Cannell Capital Llc has 1.53% invested in the company for 266,925 shares. The Kansas-based Dean Capital Management has invested 1.29% in the stock. Filament Llc, a Washington-based fund reported 133,824 shares.

Schnitzer Steel Industries, Inc. is a recycler of ferrous and nonferrous scrap metal. The company has a market cap of $520.29 million. The Firm is recycler of used and salvaged vehicles and a maker of finished steel products. It currently has negative earnings. The Firm operates in three business divisions: the Metals Recycling Business (MRB), the Auto Parts Business (APB) and the Steel Manufacturing Business (SMB).

The post What to Expect from Schnitzer Steel Industries, Inc. (SCHN) Earnings Per Share? appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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What to Expect from Schnitzer Steel Industries, Inc. (SCHN) Earnings Per Share?

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