Ryerson Holding Corp. (RYI) Reaches New 12-Month High at $19.71
Ryerson Holding Corp. (NYSE:RYI) reached a new 52-week high on Monday . The company traded as high as $19.71 and last traded at $19.42, with a volume of 307,636 shares traded. The stock had previously closed at $18.93.
A number of research firms recently weighed in on RYI. Jefferies Group restated a “hold” rating and issued a $14.50 target price (up previously from $10.00) on shares of Ryerson Holding Corp. in a report on Friday, June 10th. Zacks Investment Research upgraded shares of Ryerson Holding Corp. from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a report on Friday, May 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of Ryerson Holding Corp. from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $9.25.
The company’s 50 day moving average is $16.28 and its 200-day moving average is $8.52. The stock has a market capitalization of $622.72 million and a PE ratio of 40.42.
Ryerson Holding Corp. (NYSE:RYI) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.23. The company earned $702.60 million during the quarter, compared to analysts’ expectations of $717.57 million. During the same period in the prior year, the business earned $0.15 EPS. The company’s quarterly revenue was down 19.1% on a year-over-year basis. Equities research analysts forecast that Ryerson Holding Corp. will post $1.34 earnings per share for the current year.
An institutional investor recently raised its position in Ryerson Holding Corp. stock. Towle & Co. raised its stake in Ryerson Holding Corp. (NYSE:RYI) by 49.4% during the fourth quarter, according to its most recent filing with the SEC. 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. makes up about 2.7% of Towle & Co.’s investment portfolio, making the stock its 20th largest position. Towle & Co. owned about 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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