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Schnitzer Steel Industries Stock Sees Its Composite Rating Rise To 97

Schnitzer Steel Industries (SCHN) saw its IBD SmartSelect Composite Rating rise to 97 Tuesday, up from 94 the day before.




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The new rating shows the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that’s a good starting point when looking for the best stocks to buy and watch.

Schnitzer Steel Industries is currently forming a consolidation, with a 59.44 buy point. Look for the stock to break out in heavy trade at least 40% higher than normal. But note that it’s a later-stage base, which makes it a riskier entry point. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 


Looking For The Best Stocks To Buy And Watch? Start Here


 

Schnitzer Steel Industries stock earns an 87 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 87% of all stocks.

Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.

In Q3, the company posted 4,300% EPS growth. Revenue growth rose 104%, up from 37% in the prior quarter. That marks four consecutive reports with rising growth.

Schnitzer Steel Industries stock holds the No. 2 rank among its peers in the Metal-Fabricators industry group. Mueller Industries (MLI) is the No. 1-ranked stock within the group.

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