Banking

Schnitzer Steel Industries Stock Receives IBD Stock Rating Upgrade

The IBD SmartSelect Composite Rating for Schnitzer Steel Industries (SCHN) rose from 94 to 96 Monday. The steel maker stock has a 96 Relative Strength Rating.

The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.

Schnitzer Steel Industries stock has now climbed above a proper buy zone after clearing the 46.96 buy point in a consolidation. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 


Looking For Winning Stocks? This 3-Step Routine


 

The stock sports an 87 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 87% of all stocks.

Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

The Portland, OR.-based company reported 4,300% earnings-per-share growth for Q3. Sales growth increased 104%, up from 37% in the prior quarter. The company has now posted rising growth in each of the last four reports.

Schnitzer Steel Industries earns the No. 1 rank among its peers in the Metal-Fabricators industry group. Commercial Metals (CMC) and Aluminum Corporation Of China (ACH) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

MarketSmith’s Tools Can Help The Individual Investor

IBD Live: A New Tool For Daily Stock Market Analysis

Profit From Short-Term Trends With SwingTrader

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button