
RDUS Stock Forecast & Price Target
RDUS Analyst Ratings
Bulls say
Radius Recycling Inc. is strategically positioned for growth, as evidenced by recent increases in ferrous and nonferrous metal prices in key markets, with notable gains observed in the Southeast and East Coast. The company's investments aimed at enhancing nonferrous yields are expected to yield positive results, contributing to a gradual improvement in ferrous EBITDA per ton and overall price-margins. Additionally, a forecasted increase in steel demand both domestically and internationally suggests a favorable market environment for Radius Recycling, potentially driving volume growth in the upcoming fiscal periods.
Bears say
Radius Recycling Inc. is anticipated to experience a decline in ferrous scrap volumes, with forecasts suggesting a decrease of 4% quarter-over-quarter, driven by weak overall steel production trends. The upcoming fiscal second quarter is expected to highlight a near-term trough in earnings, alongside a projected 8% drop in ferrous exports, contributing to a challenging fiscal second half of 2024 with negative pricing dynamics. Additionally, a recent survey indicates a notable downturn in U.S. steel and metals demand, which, combined with a deflationary environment, is likely to pressure the company’s margins below historical averages.
This aggregate rating is based on analysts' research of Schnitzer Steel Industries Inc and is not a guaranteed prediction by Public.com or investment advice.
RDUS Analyst Forecast & Price Prediction
Start investing in RDUS
Order type
Buy in
Order amount
Est. shares
0 shares