Schnitzer Steel Industries, Inc. (SCHN) Upgraded at ValuEngine

ValuEngine upgraded shares of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

Several other analysts also recently commented on SCHN. Zacks Investment Research upgraded shares of Schnitzer Steel Industries from a hold rating to a strong-buy rating and set a $29.00 price objective on the stock in a research report on Wednesday, August 16th. BidaskClub downgraded shares of Schnitzer Steel Industries from a buy rating to a hold rating in a research report on Wednesday, August 16th. Macquarie began coverage on shares of Schnitzer Steel Industries in a research report on Wednesday, September 6th. They set a neutral rating and a $26.00 price objective on the stock. Finally, TheStreet upgraded shares of Schnitzer Steel Industries from a c+ rating to a b rating in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $27.50.

Shares of Schnitzer Steel Industries (SCHN) traded up 0.19% during midday trading on Thursday, reaching $27.05. 304,165 shares of the company’s stock were exchanged. The stock has a market cap of $746.58 million, a price-to-earnings ratio of 17.59 and a beta of 1.34. The firm has a 50 day moving average of $26.91 and a 200-day moving average of $22.98. Schnitzer Steel Industries has a one year low of $17.50 and a one year high of $30.60.

TRADEMARK VIOLATION WARNING: “Schnitzer Steel Industries, Inc. (SCHN) Upgraded at ValuEngine” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/08/schnitzer-steel-industries-inc-schn-upgraded-at-valuengine.html.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Schnitzer Steel Industries by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,270,696 shares of the basic materials company’s stock valued at $46,890,000 after purchasing an additional 18,355 shares during the period. State Street Corp raised its position in shares of Schnitzer Steel Industries by 1.6% during the 2nd quarter. State Street Corp now owns 1,344,366 shares of the basic materials company’s stock valued at $33,877,000 after purchasing an additional 20,636 shares during the period. Rutabaga Capital Management LLC MA raised its position in shares of Schnitzer Steel Industries by 69.4% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 891,536 shares of the basic materials company’s stock valued at $22,467,000 after purchasing an additional 365,259 shares during the period. Heartland Advisors Inc. raised its position in shares of Schnitzer Steel Industries by 7.1% during the 2nd quarter. Heartland Advisors Inc. now owns 711,995 shares of the basic materials company’s stock valued at $17,942,000 after purchasing an additional 47,447 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Schnitzer Steel Industries by 24.8% during the 2nd quarter. Teachers Advisors LLC now owns 595,951 shares of the basic materials company’s stock valued at $15,018,000 after purchasing an additional 118,453 shares during the period. Hedge funds and ot

Several other analysts also recently commented on SCHN. Zacks Investment Research upgraded shares of Schnitzer Steel Industries from a hold rating to a strong-buy rating and set a $29.00 price objective on the stock in a research report on Wednesday, August 16th. BidaskClub downgraded shares of Schnitzer Steel Industries from a buy rating to a hold rating in a research report on Wednesday, August 16th. Macquarie began coverage on shares of Schnitzer Steel Industries in a research report on Wednesday, September 6th. They set a neutral rating and a $26.00 price objective on the stock. Finally, TheStreet upgraded shares of Schnitzer Steel Industries from a c+ rating to a b rating in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $27.50.

Shares of Schnitzer Steel Industries (SCHN) traded up 0.19% during midday trading on Thursday, reaching $27.05. 304,165 shares of the company’s stock were exchanged. The stock has a market cap of $746.58 million, a price-to-earnings ratio of 17.59 and a beta of 1.34. The firm has a 50 day moving average of $26.91 and a 200-day moving average of $22.98. Schnitzer Steel Industries has a one year low of $17.50 and a one year high of $30.60.

TRADEMARK VIOLATION WARNING: “Schnitzer Steel Industries, Inc. (SCHN) Upgraded at ValuEngine” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/08/schnitzer-steel-industries-inc-schn-upgraded-at-valuengine.html.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Schnitzer Steel Industries by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,270,696 shares of the basic materials company’s stock valued at $46,890,000 after purchasing an additional 18,355 shares during the period. State Street Corp raised its position in shares of Schnitzer Steel Industries by 1.6% during the 2nd quarter. State Street Corp now owns 1,344,366 shares of the basic materials company’s stock valued at $33,877,000 after purchasing an additional 20,636 shares during the period. Rutabaga Capital Management LLC MA raised its position in shares of Schnitzer Steel Industries by 69.4% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 891,536 shares of the basic materials company’s stock valued at $22,467,000 after purchasing an additional 365,259 shares during the period. Heartland Advisors Inc. raised its position in shares of Schnitzer Steel Industries by 7.1% during the 2nd quarter. Heartland Advisors Inc. now owns 711,995 shares of the basic materials company’s stock valued at $17,942,000 after purchasing an additional 47,447 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Schnitzer Steel Industries by 24.8% during the 2nd quarter. Teachers Advisors LLC now owns 595,951 shares of the basic materials company’s stock valued at $15,018,000 after purchasing an additional 118,453 shares during the period. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Schnitzer Steel Industries Company Profile

Schnitzer Steel Industries, Inc is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company operates through two segments: the Auto and Metals Recycling (AMR) business and the Steel Manufacturing Business (SMB). The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure.

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