Schnitzer Steel Industries, Inc. announced its earnings results on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter. The business earned $321 million during the quarter, compared to analyst estimates of $371 million.
Several research analysts have issued reports on the company. Morgan Stanley raised Schnitzer Steel Industries from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $14.00 to $21.00 in a research report on Tuesday, November 24th.
Jefferies Group reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Schnitzer Steel Industries in a research note on Wednesday, September 16th.
Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Schnitzer Steel Industries currently has an average rating of “Buy” and a consensus target price of $19.39.
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