Ryerson Holding Corp. (RYI) Stock Price Up 3%
Ryerson Holding Corp. (NYSE:RYI)’s share price rose 3% on Thursday . The stock traded as high as $12.51 and last traded at $12.45, with a volume of 207,164 shares changing hands. The stock had previously closed at $12.09.
RYI has been the topic of several analyst reports. Jefferies Group increased their target price on Ryerson Holding Corp. from $4.75 to $10.00 and gave the company a “hold” rating in a research note on Monday, May 9th. Zacks Investment Research downgraded Ryerson Holding Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. BMO Capital Markets increased their price target on 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, JPMorgan Chase & Co. increased their price target on Ryerson Holding Corp. from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Ryerson Holding Corp. presently has a consensus rating of “Hold” and an average price target of $12.00.
The stock has a 50-day moving average price of $13.55 and a 200-day moving average price of $10.68. The stock has a market capitalization of $452.61 million and a price-to-earnings ratio of 75.31.
Ryerson Holding Corp. (NYSE:RYI) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. Analysts anticipate that Ryerson Holding Corp. will post $1.56 EPS for the current year.
In other news, insider Kevin D. Richardson acquired 2,750 shares of Ryerson Holding Corp. stock in a transaction that occurred on Tuesday, August 16th. The shares were acquired at an average price of $12.00 per share, for a total transaction of $33,000.00. Following the transaction, the insider now directly owns 57,750 shares of the company’s stock, valued at approximately $693,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Burbach acquired 2,800 shares of Ryerson Holding Corp. stock in a transaction that occurred on Friday, August 12th. The shares were purchased at an average price of $12.90 per share, for a total transaction of $36,120.00. Following the transaction, the insider now directly owns 37,800 shares in the company, valued at $487,620. 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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