Schnitzer Steel Industries Inc (NASDAQ: SCHN) stock closed at $20.59 on 2/28/24 after a major decline of -14.1%. Moreover, trading volume in this decline was exceptionally high at 318% of normal. The stock has declined -14.8% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
SCHN’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Schnitzer Steel Industries has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Schnitzer Steel Industries has a good Appreciation Score of 75 but a very low Power Rating of 8, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative 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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