Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has analysts on the Bullish side this week.

April 17, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.11, from 1.1 in 2017Q3. It is positive, 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.
The Illinois-based Northern Trust has invested 0% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Affinity Inv Advsr Limited Liability Corp reported 0.03% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Credit Suisse Ag invested in 31,579 shares or 0% of the stock. Ameriprise Fincl stated it has 24,795 shares. Great West Life Assurance Comm Can stated it has 4,955 shares or 0% of all its holdings. Shufro Rose holds 0.25% or 76,300 shares. Northwestern Mutual Wealth Mngmt accumulated 0% or 2,769 shares. Ubs Asset Americas Inc owns 7,699 shares. State Board Of Administration Of Florida Retirement Systems has invested 0% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Cubist Systematic Strategies Limited stated it has 0.02% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Susquehanna Intll Gru Llp holds 0% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 150,073 shares. Federated Investors Pa accumulated 96,989 shares or 0.01% of the stock. Bogle Management Ltd Partnership De reported 0.37% stake. Orca Invest Management Limited Liability owns 112,544 shares or 3.3% of their US portfolio. Tiaa Cref Invest Mngmt Limited Co holds 76,485 shares or 0% of its portfolio.

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. On Tuesday, October 31 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. 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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