Ryerson Holding Corp. (RYI) Trading 3% Higher
Shares of Ryerson Holding Corp. (NYSE:RYI) traded up 3% on Thursday . The stock traded as high as $12.51 and last traded at $12.45, with a volume of 207,164 shares. The stock had previously closed at $12.09.
Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted 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. BMO Capital Markets lifted 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. Jefferies Group reaffirmed a “hold” rating and issued a $14.50 price objective (up from $10.00) on shares of Ryerson Holding Corp. in a report on Friday, June 10th. Finally, Zacks Investment Research cut Ryerson Holding Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Ryerson Holding Corp. presently has an average rating of “Hold” and an average price target of $12.00.
The firm’s 50-day moving average is $13.87 and its 200 day moving average is $10.66. The company has a market capitalization of $463.37 million and a PE ratio of 77.10.
Ryerson Holding Corp. (NYSE:RYI) last released its earnings results on Wednesday, August 10th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. Equities analysts anticipate that Ryerson Holding Corp. will post $1.56 earnings per share for the current fiscal year.
In related news, insider Kevin D. Richardson bought 2,750 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were purchased at an average price of $12.00 per share, for a total transaction of $33,000.00. Following the completion of the transaction, the insider now directly owns 57,750 shares in the company, valued at approximately $693,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Edward J. Lehner bought 7,060 shares of the company’s stock in a transaction on Friday, August 12th. The shares were bought at an average price of $12.00 per share, for a total transaction of $84,720.00. Following the transaction, the chief executive officer now owns 79,060 shares of the company’s stock, valued at $948,720. 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.