Ryerson Holding Corp. (RYI) Reaches New 1-Year High at $18.41
Ryerson Holding Corp. (NYSE:RYI) shares reached a new 52-week high during trading on Friday . The company traded as high as $18.41 and last traded at $18.39, with a volume of 210,105 shares. The stock had previously closed at $17.64.
RYI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Ryerson Holding Corp. from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, April 19th. Jefferies Group boosted their price target on Ryerson Holding Corp. from $4.75 to $10.00 and gave the stock 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 target on the stock in a report on Friday, May 13th. Finally, Bank of America Corp. reissued an “underperform” rating on shares of Ryerson Holding Corp. in a report on Thursday, March 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the stock. Ryerson Holding Corp. has a consensus rating of “Hold” and a consensus price target of $9.25.
The stock has a 50 day moving average of $15.09 and a 200 day moving average of $7.76. The stock has a market cap of $591.26 million and a price-to-earnings ratio of 38.38.
Ryerson Holding Corp. (NYSE:RYI) last posted its earnings results on Thursday, May 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.03 by $0.23. During the same period last year, the business earned $0.15 earnings per share. The company had revenue of $702.60 million for the quarter, compared to analyst estimates of $717.57 million. The firm’s revenue was down 19.1% on a year-over-year basis. Equities analysts predict that Ryerson Holding Corp. will post $1.34 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Ryerson Holding Corp. stock. Towle & Co. increased its stake in Ryerson Holding Corp. (NYSE:RYI) by 49.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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. accounts for 2.7% of Towle & Co.’s holdings, 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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