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Looking for Value? Why It Might Be Time to Try Schnitzer Steel Industries (SCHN)
June 28, 2017

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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. (SCHN - Free Report) .

Schnitzer Steel Industries in Focus

SCHN may be an interesting play thanks to its forward PE of 18.04, its P/S ratio of 0.38, and its decent dividend yield of 3.3%. These factors suggest that Schnitzer Steel Industries 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 Steel Industries 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 12.5% in the past 30 days, thanks to one upward revision in the past one months 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 Steel Industries 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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