Ryerson Holding Corporation (RYI) Given Average Recommendation of “Hold” by Analysts
Shares of Ryerson Holding Corporation (NYSE:RYI) have been assigned an average rating of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $14.56.
RYI has been the topic of a number of recent research reports. TheStreet raised shares of Ryerson Holding Corporation from a “d” rating to a “c” rating in a report on Monday, August 7th. BidaskClub cut shares of Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research cut shares of Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. ValuEngine lowered shares of Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $9.25 price target on shares of Ryerson Holding Corporation in a research note on Thursday, September 7th.
Ryerson Holding Corporation (RYI) traded down 2.500% during trading on Wednesday, reaching $8.775. The company’s stock had a trading volume of 221,827 shares. The firm has a 50 day moving average of $8.43 and a 200 day moving average of $9.98. Ryerson Holding Corporation has a 52 week low of $7.65 and a 52 week high of $16.85. The stock has a market capitalization of $326.22 million, a price-to-earnings ratio of 21.774 and a beta of 2.11.
Ryerson Holding Corporation (NYSE:RYI) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.05). Ryerson Holding Corporation had a negative return on equity of 53.49% and a net margin of 0.48%. The business had revenue of $875.40 million during the quarter, compared to the consensus estimate of $875.13 million. During the same period in the prior year, the business earned $0.17 EPS. The business’s revenue was up 18.3% on a year-over-year basis. Analysts expect that Ryerson Holding Corporation will post $1.04 EPS for the current year.
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In other news, insider Michael Burbach purchased 4,800 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $8.50 per share, for a total transaction of $40,800.00. Following the completion of the purchase, the insider now owns 57,800 shares of the company’s stock, valued at $491,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 15,950 shares of company stock worth $130,716 in the last 90 days. 0.76% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the business. Strs Ohio increased its stake in shares of Ryerson Holding Corporation by 29.8% in the first quarter. Strs Ohio now owns 54,000 shares of the basic materials company’s stock valued at $680,000 after purchasing an additional 12,400 shares during the period. Capital Fund Management S.A. increased its stake in shares of Ryerson Holding Corporation by 16.6% in the first quarter. Capital Fund Management S.A. now owns 16,428 shares of the basic materials company’s stock valued at $207,000 after purchasing an additional 2,335 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Ryerson Holding Corporation in the first quarter valued at approximately $192,000. California Public Employees Retirement System acquired a new stake in shares of Ryerson Holding Corporation in the first quarter valued at approximately $275,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Ryerson Holding Corporation by 10.5% in the first quarter. Dimensional Fund Advisors LP now owns 547,671 shares of the basic materials company’s stock valued at $6,900,000 after purchasing an additional 52,109 shares during the period. Institutional investors own 40.90% of the company’s stock.
About Ryerson Holding Corporation
Ryerson Holding Corporation is a service center company for carbon and stainless steel, as well as aluminum. The Company operates through metal service centers segment. In addition to providing a range of flat and long metals products, it offers various value-added processing and fabrication services, such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius and beveling to process materials to a specified thickness, length, width, shape and surface quality pursuant to specific customer orders.
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