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.


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