Ryerson Holding Corp. (RYI) Stock Price Up 3.6%
Ryerson Holding Corp. (NYSE:RYI) rose 3.6% on Thursday . The stock traded as high as $12.25 and last traded at $12.20, with a volume of 197,865 shares changing hands. The stock had previously closed at $11.78.
RYI has been the topic of several recent research reports. Jefferies Group raised their price objective on Ryerson Holding Corp. from $4.75 to $10.00 and gave the company a “hold” rating in a report on Monday, May 9th. Zacks Investment Research raised Ryerson Holding Corp. from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a report on Friday, May 13th. JPMorgan Chase & Co. raised their price objective on Ryerson Holding Corp. from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 11th. Finally, BMO Capital Markets raised their price objective on Ryerson Holding Corp. from $10.00 to $13.00 and gave the company a “market perform” rating in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.00.
The company has a 50-day moving average of $14.44 and a 200 day moving average of $10.40. The company has a market cap of $454.46 million and a PE ratio of 75.62.
Ryerson Holding Corp. (NYSE:RYI) last released its earnings results on Wednesday, August 10th. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. On average, analysts anticipate that Ryerson Holding Corp. will post $1.56 earnings per share for the current fiscal year.
In related news, insider Michael Burbach acquired 2,800 shares of Ryerson Holding Corp. stock in a transaction dated Friday, August 12th. The shares were purchased at an average cost of $12.90 per share, with a total value of $36,120.00. Following the completion of the purchase, the insider now owns 37,800 shares of the company’s stock, valued at $487,620. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Edward J. Lehner acquired 7,060 shares of Ryerson Holding Corp. stock in a transaction dated Friday, August 12th. The shares were bought at an average cost of $12.00 per share, for a total transaction of $84,720.00. Following the completion of the purchase, the chief executive officer now directly owns 79,060 shares of the company’s stock, valued at approximately $948,720. The disclosure for this purchase can be found here.
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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