Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Schnitzer Steel Industries, Inc. .
Schnitzer in Focus
SCHN may be an interesting play thanks to its forward PE of 17.2, its P/S ratio of 0.3, and its decent dividend yield of 3.6%. These factors suggest that Schnitzer is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that SCHN has decent revenue metrics to back up its earnings.
But before you think that Schnitzer is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 3.2% in the past 30 days, thanks to one upward revisions in the past one month compared to none lower.
This estimate strength is actually enough to push SCHN to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank stocks here.
So really, Schnitzer is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
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Why Schnitzer (SCHN) Could Be a Top Value Stock Pick
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Schnitzer Steel Industries, Inc. .
Schnitzer in Focus
SCHN may be an interesting play thanks to its forward PE of 17.2, its P/S ratio of 0.3, and its decent dividend yield of 3.6%. These factors suggest that Schnitzer is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that SCHN has decent revenue metrics to back up its earnings.
Schnitzer Steel Industries, Inc. PE Ratio (TTM)
Schnitzer Steel Industries, Inc. pe-ratio-ttm | Schnitzer Steel Industries, Inc. Quote
But before you think that Schnitzer is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 3.2% in the past 30 days, thanks to one upward revisions in the past one month compared to none lower.
This estimate strength is actually enough to push SCHN to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank stocks here.
So really, Schnitzer is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Download Marijuana Moneymakers FREE >>