Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)‘s stock had its “hold” rating reaffirmed by KeyCorp in a research report issued on Wednesday.

SCHN has been the topic of a number of other reports. Macquarie assumed coverage on shares of Schnitzer Steel Industries in a research note on Wednesday, September 6th. They set a “neutral” rating and a $26.00 price objective on the stock. TheStreet upgraded shares of Schnitzer Steel Industries from a “c+” rating to a “b” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded shares of Schnitzer Steel Industries from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, July 21st. ValuEngine upgraded shares of Schnitzer Steel Industries from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Finally, BidaskClub downgraded shares of Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Schnitzer Steel Industries currently has a consensus rating of “Hold” and an average price target of $27.50.

Shares of Schnitzer Steel Industries (NASDAQ SCHN) traded up 2.007% during midday trading on Wednesday, reaching $29.225. 476,779 shares of the company traded hands. Schnitzer Steel Industries has a 12 month low of $17.50 and a 12 month high of $30.60. The firm has a market capitalization of $806.61 million, a P/E ratio of 19.002 and a beta of 1.34. The company has a 50 day moving average of $27.10 and a 200 day moving average of $23.16.

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Several institutional investors have recently bought and sold shares of SCHN. BlueCrest Capital Management Ltd bought a new position in shares of Schnitzer Steel Industries in the 2nd quarter worth about $228,000. GW&K Investment Management LLC bought a new position in shares of Schnitzer Steel Industries in the 2nd quarter worth about $246,000. Menta Capital LLC bought a new position in shares of Schnitzer Steel Industries in the 2nd quarter worth about $247,000. American International Group Inc. lifted its position in shares of Schnitzer Steel Industries by 7.1% in the 1st quarter. American International Group Inc. now owns 16,073 shares of the basic materials company’s stock worth $332,000 after buying an additional 1,061 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Schnitzer Steel Industries by 252.3% in the 2nd quarter. Royal Bank of Canada now owns 13,285 shares of the basic materials company’s stock worth $335,000 after buying an additional 22,009 shares during the last quarter. Institutional investors own 82.37% of the company’s stock.

Schnitzer Steel Industries Company Profile

Schnitzer Steel Industries, Inc is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company operates through two segments: the Auto and Metals Recycling (AMR) business and the Steel Manufacturing Business (SMB). The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure.

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