Schnitzer Steel Industries Inc (NASDAQ: SCHN) stock closed at $16.53 on 7/11/24 after a major increase of 13.1%. NORMAL trading volume accompanied the advance. The stock has risen 12.7% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
SCHN is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Schnitzer Steel Industries has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Schnitzer Steel Industries has a good Appreciation Score of 80 but a very low Power Rating of 0, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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