Schnitzer Steel Industries (SCHN) Given News Impact Score of 0.16
Headlines about Schnitzer Steel Industries (NASDAQ:SCHN) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Schnitzer Steel Industries earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 48.1787768216779 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Schnitzer Steel Industries (SCHN) Upgraded by ValuEngine to “Buy” (americanbankingnews.com)
- Schnitzer Steel Industries, Inc. to Issue Quarterly Dividend of $0.19 (SCHN) (americanbankingnews.com)
- KeyCorp Comments on Schnitzer Steel Industries, Inc.’s Q3 2018 Earnings (SCHN) (americanbankingnews.com)
- KeyCorp Comments on Schnitzer Steel Industries, Inc.’s Q2 2018 Earnings (SCHN) (americanbankingnews.com)
Shares of Schnitzer Steel Industries (NASDAQ:SCHN) opened at $32.55 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 2.31. The stock has a market cap of $878.96, a PE ratio of 14.34 and a beta of 1.40. Schnitzer Steel Industries has a one year low of $17.50 and a one year high of $38.85.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 12th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.75 dividend on an annualized basis and a yield of 2.30%. Schnitzer Steel Industries’s dividend payout ratio (DPR) is presently 33.04%.
A number of research firms have commented on SCHN. ValuEngine raised shares of Schnitzer Steel Industries from a “hold” rating to a “buy” rating in a research report on Friday. BidaskClub raised shares of Schnitzer Steel Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Zacks Investment Research raised shares of Schnitzer Steel Industries from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research report on Tuesday, January 2nd. Morgan Stanley upped their target price on shares of Schnitzer Steel Industries from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 31st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Schnitzer Steel Industries in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $31.33.
In other Schnitzer Steel Industries news, SVP Steven Heiskell sold 2,976 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $28.05, for a total transaction of $83,476.80. Following the sale, the senior vice president now directly owns 50,501 shares in the company, valued at $1,416,553.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Peter B. Saba sold 2,393 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $26.52, for a total transaction of $63,462.36. Following the sale, the senior vice president now owns 30,911 shares in the company, valued at $819,759.72. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.
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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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