Ryerson Holding Corp. (RYI) Stock Price Up 2.3%
Ryerson Holding Corp. (NYSE:RYI) rose 2.3% on Thursday . The stock traded as high as $19.62 and last traded at $19.37, with a volume of 195,532 shares traded. The stock had previously closed at $18.94.
RYI has been the subject of several research reports. Jefferies Group upped their target price on Ryerson Holding Corp. to $4.75 in a report on Monday, March 21st. JPMorgan Chase & Co. upped their target price on Ryerson Holding Corp. from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, April 19th. Zacks Investment Research raised Ryerson Holding Corp. from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research report on Friday, May 13th. Finally, Bank of America Corp. reissued 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 given a hold rating and one has given a strong buy rating to the company. Ryerson Holding Corp. presently has a consensus rating of “Hold” and a consensus target price of $9.25.
The firm has a market cap of $598.33 million and a P/E ratio of 38.83. The stock’s 50-day moving average is $15.83 and its 200 day moving average is $8.18.
Ryerson Holding Corp. (NYSE:RYI) last released its earnings results on Thursday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.23. During the same quarter last year, the business posted $0.15 earnings per share. The company earned $702.60 million during the quarter, compared to analysts’ expectations of $717.57 million. The company’s revenue for the quarter was down 19.1% on a year-over-year basis. On average, equities research analysts predict that Ryerson Holding Corp. will post $1.34 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Ryerson Holding Corp. stock. Towle & Co. raised its position in Ryerson Holding Corp. (NYSE:RYI) by 49.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,646,655 shares of the company’s stock after buying an additional 874,902 shares during the period. Ryerson Holding Corp. comprises 2.7% of Towle & Co.’s investment portfolio, making the stock its 20th largest position. Towle & Co. owned approximately 8.25% of Ryerson Holding Corp. worth $12,360,000 as of its most recent SEC filing.
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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