Ryerson Holding Corp. (RYI) Stock Price Down 2%
Ryerson Holding Corp. (NYSE:RYI) fell 2% during trading on Tuesday . The stock traded as low as $11.84 and last traded at $11.97, with a volume of 180,724 shares. The stock had previously closed at $12.21.
Several brokerages recently commented on RYI. Zacks Investment Research raised shares of Ryerson Holding Corp. from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a report on Friday, May 13th. JPMorgan Chase & Co. boosted their price target on shares of Ryerson Holding Corp. from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. BMO Capital Markets boosted their price target on shares of Ryerson Holding Corp. from $10.00 to $13.00 and gave the stock a “market perform” rating in a report on Thursday, August 11th. Finally, Jefferies Group reissued a “hold” rating and issued a $14.50 price target (up previously from $10.00) on shares of Ryerson Holding Corp. in a report on Friday, June 10th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.00.
The stock has a 50 day moving average price of $14.07 and a 200-day moving average price of $10.64. The firm has a market capitalization of $443.70 million and a price-to-earnings ratio of 73.83.
Ryerson Holding Corp. (NYSE:RYI) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. On average, equities research analysts forecast that Ryerson Holding Corp. will post $1.56 EPS for the current fiscal year.
In related news, CEO Edward J. Lehner purchased 7,060 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was purchased at an average cost of $12.00 per share, with a total value of $84,720.00. Following the completion of the acquisition, the chief executive officer now directly owns 79,060 shares in the company, valued at $948,720. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kevin D. Richardson purchased 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were bought at an average cost of $12.00 per share, with a total value of $33,000.00. Following the completion of the acquisition, the insider now owns 57,750 shares of the company’s stock, valued at $693,000. 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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