Ryerson Holding Corp. (RYI) Trading Down 4.8%
Ryerson Holding Corp. (NYSE:RYI)’s share price dropped 4.8% on Tuesday . The stock traded as low as $13.78 and last traded at $13.97, with a volume of 289,570 shares changing hands. The stock had previously closed at $14.67.
RYI has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on Ryerson Holding Corp. from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, April 19th. Jefferies Group raised their target price on Ryerson Holding Corp. from $4.75 to $10.00 and gave the company a “hold” rating in a research report on Monday, May 9th. Finally, Zacks Investment Research upgraded Ryerson Holding Corp. from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research report on Friday, May 13th. One equities research 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. presently has an average rating of “Hold” and a consensus target price of $9.25.
The company has a market cap of $447.46 million and a PE ratio of 29.04. The company has a 50-day moving average price of $16.10 and a 200 day moving average price of $9.22.
Ryerson Holding Corp. (NYSE:RYI) last released its earnings results on Thursday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.23. The business had revenue of $702.60 million for the quarter, compared to analyst estimates of $717.57 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. Analysts forecast that Ryerson Holding Corp. will post $1.44 EPS for the current year.
An institutional investor recently raised its position in Ryerson Holding Corp. stock. Towle & Co. raised its stake in Ryerson Holding Corp. (NYSE:RYI) by 49.4% during the fourth quarter, according to its most recent 13F filing with the 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. comprises about 2.7% of Towle & Co.’s portfolio, making the stock its 20th largest position. Towle & Co. owned 8.25% of Ryerson Holding Corp. worth $12,360,000 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.