Zacks Investment Research recorded Schnitzer Steel Industries, Inc. (NASDAQ:SCHN), bumping its target to $23.00 earlier today
- Updated: October 15, 2016
Zacks Investment Research bumped up the target of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) to $23.00 indicating a possible upside of 0.11%.
Yesterday Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) traded -0.24% lower at $20.80. The company’s 50-day moving average is $19.65 and its 200-day moving average is $18.56. The last stock close price is up 12.33% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 248,829 shares of the stock were exchanged, down from an average trading volume of 334,042
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Schnitzer Steel Industries, Inc. has a 52 week low of $11.70 and a 52 week high of $21.65 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 3 firms have issued a report on the stock. The consensus target price is $17.00 with 0 equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly one broker rating the stock a sell.
Brief Synopsis On Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)
Schnitzer Steel Industries, Inc. (SSI) is a recycler of ferrous and nonferrous scrap metal. The Company is recycler of used and salvaged vehicles and a manufacturer of finished steel products. The Company operates in three business segments: the Metals Recycling Business (MRB), the Auto Parts Business (APB) and the Steel Manufacturing Business (SMB). MRB buys, collects, processes, recycles, sells and brokers ferrous scrap metal (containing iron) to foreign and domestic steel producers, including SMB, and nonferrous scrap metal (not containing iron) to both foreign and domestic markets. APB procures used and salvaged vehicles and sells serviceable used auto parts from these vehicles through its 62 self-service auto parts stores located across the United States and Western Canada. SMB operates a steel mini-mill in McMinnville, Oregon that produces a range of finished steel products using recycled metal and other raw materials.
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