Ryerson Holding Corp. (RYI) Shares Down 2.3%
Ryerson Holding Corp. (NYSE:RYI) shares traded down 2.3% on Monday . The stock traded as low as $12.08 and last traded at $12.20, with a volume of 355,500 shares. The stock had previously closed at $12.49.
Several analysts recently issued reports on the company. Jefferies Group reiterated a “hold” rating and issued a $14.50 price target (up from $10.00) on shares of Ryerson Holding Corp. in a report on Friday, June 10th. JPMorgan Chase & Co. increased their price target on Ryerson Holding Corp. from $11.00 to $13.00 and gave the company a “neutral” 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 company a “market perform” rating in a report on Thursday, August 11th. Finally, Zacks Investment Research upgraded 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. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.00.
The firm has a market capitalization of $452.61 million and a P/E ratio of 75.31. The firm’s 50 day moving average is $13.51 and its 200 day moving average is $10.68.
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, topping the consensus estimate of $0.47 by $0.05. Analysts predict that Ryerson Holding Corp. will post $1.56 EPS for the current fiscal year.
In related news, CEO Edward J. Lehner bought 7,060 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was bought at an average price of $12.00 per share, with a total value of $84,720.00. Following the purchase, the chief executive officer now directly owns 79,060 shares of the company’s stock, valued at approximately $948,720. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Burbach bought 2,800 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were bought at an average cost of $12.90 per share, with a total value of $36,120.00. Following the purchase, 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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