Are Analysts Bullish about Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) after last week?

April 17, 2018 - By wolcottdaily

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.11, from 1.1 in 2017Q3. It increased, as 18 investors sold Schnitzer Steel Industries, Inc. shares while 50 reduced holdings. 29 funds opened positions while 53 raised stakes. 23.68 million shares or 1.34% more from 23.36 million shares in 2017Q3 were reported.
315,174 are held by Goldman Sachs Grp Incorporated Inc. Renaissance Technologies Limited Liability Co has 0.01% invested in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Bailard reported 49,700 shares. Credit Suisse Ag owns 31,579 shares. Moreover, Janney Montgomery Scott Ltd Liability Com has 0% invested in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 12,891 shares. C M Bidwell & Assocs reported 6,185 shares stake. Piermont Mgmt reported 0.87% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Franklin Incorporated invested 0% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Hanson Doremus Mgmt has invested 0.01% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Vertex One Asset Management reported 2.46% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Federated Invsts Pa accumulated 96,989 shares. Systematic Financial Lp has invested 0.04% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Savings Bank Of America De invested in 182,679 shares. Northern Tru invested in 0% or 495,793 shares. Ellington Mngmt Group Ltd Liability Company invested in 13,700 shares.

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Ratings Coverage

Among 2 analysts covering Schnitzer Steel Indus (NASDAQ:SCHN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Schnitzer Steel Indus had 2 analyst reports since October 31, 2017 according to SRatingsIntel. The stock of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, October 31. Below is a list of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) latest ratings and price target changes.

20/03/2018 Broker: Goldman Sachs Rating: Buy New Target: $42 Initiates Coverage On
31/10/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $27 New Target: $29 Maintain

The stock increased 3.66% or $1.15 during the last trading session, reaching $32.55. About 315,976 shares traded. Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has risen 56.62% since April 17, 2017 and is uptrending. It has outperformed by 45.07% the S&P500.

Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous scrap metals; and makes finished steel products worldwide. The company has market cap of $855.35 million. It operates through two divisions, Auto and Metals Recycling and Steel Manufacturing Business (SMB). It has a 14.4 P/E ratio. The AMR segment buys, collects, processes, recycles, sells, and brokers scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting.

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Institutional Positions Chart

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