Ryerson Holding Corp. (RYI) Reaches New 1-Year High at $18.41
Ryerson Holding Corp. (NYSE:RYI) hit a new 52-week high on Friday . The stock traded as high as $18.41 and last traded at $18.39, with a volume of 210,105 shares. The stock had previously closed at $17.64.
Several research analysts have recently issued reports on RYI shares. Jefferies Group reaffirmed a “hold” rating and set a $14.50 price objective (up from $10.00) on shares of Ryerson Holding Corp. in a research report on Friday, June 10th. Zacks Investment Research raised Ryerson Holding Corp. from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research report on Friday, May 13th. JPMorgan Chase & Co. upped their price objective on Ryerson Holding Corp. from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 19th. Finally, Bank of America Corp. reaffirmed an “underperform” rating on shares of Ryerson Holding Corp. in a research report on Thursday, March 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.25.
The stock’s 50 day moving average price is $15.28 and its 200 day moving average price is $7.86. The stock has a market capitalization of $590.62 million and a PE ratio of 38.33.
Ryerson Holding Corp. (NYSE:RYI) last issued its earnings results on Thursday, May 5th. The company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.23. The firm earned $702.60 million during the quarter, compared to analyst estimates of $717.57 million. During the same quarter in the previous year, the business posted $0.15 EPS. Ryerson Holding Corp.’s revenue was down 19.1% compared to the same quarter last year. Equities analysts anticipate that Ryerson Holding Corp. will post $1.34 earnings per share for the current year.
A hedge fund recently raised its stake in Ryerson Holding Corp. stock. Towle & Co. boosted its position in shares of Ryerson Holding Corp. (NYSE:RYI) by 49.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,646,655 shares of the company’s stock after buying an additional 874,902 shares during the period. Ryerson Holding Corp. accounts for about 2.7% of Towle & Co.’s portfolio, making the stock its 20th largest position. Towle & Co. owned about 8.25% of Ryerson Holding Corp. worth $12,360,000 at the end of the most recent reporting period.
Ryerson Holding Corporation (Ryerson Holding) is a service center company for carbon and stainless steel, as well as aluminum. The Company processes and distributes a full line of over 70,000 products in stainless steel, aluminum, carbon steel and alloy steels, and a limited line of nickel and red metals in various shapes and forms.
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