KeyCorp reiterated their buy rating on shares of Ryerson Holding Corporation (NYSE:RYI) in a research note released on Tuesday morning. KeyCorp currently has a $13.50 price objective on the basic materials company’s stock.

RYI has been the subject of a number of other reports. TheStreet raised Ryerson Holding Corporation from a d rating to a c rating in a report on Monday, August 7th. BidaskClub lowered Ryerson Holding Corporation from a sell rating to a strong sell rating in a report on Friday, July 28th. Zacks Investment Research lowered Ryerson Holding Corporation from a hold rating to a sell rating in a report on Wednesday, June 21st. ValuEngine lowered Ryerson Holding Corporation from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $9.25 price target on shares of Ryerson Holding Corporation in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Ryerson Holding Corporation presently has an average rating of Hold and an average target price of $13.15.

Shares of Ryerson Holding Corporation (NYSE:RYI) opened at 9.55 on Tuesday. Ryerson Holding Corporation has a 12-month low of $7.65 and a 12-month high of $16.85. The stock has a 50 day moving average price of $8.45 and a 200 day moving average price of $9.90. The firm has a market capitalization of $355.03 million, a PE ratio of 23.70 and a beta of 2.11.

Ryerson Holding Corporation (NYSE:RYI) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the company earned $0.17 earnings per share. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Analysts predict that Ryerson Holding Corporation will post $1.04 EPS for the current fiscal year.

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In related news, insider Michael Burbach acquired 4,800 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $8.50 per share, for a total transaction of $40,800.00. Following the transaction, the insider now owns 57,800 shares of the company’s stock, valued at $491,300. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have acquired 15,950 shares of company stock valued at $130,716. 0.76% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in RYI. Strs Ohio lifted its position in shares of Ryerson Holding Corporation by 29.8% during the 1st quarter. Strs Ohio now owns 54,000 shares of the basic materials company’s stock valued at $680,000 after acquiring an additional 12,400 shares during the last quarter. Capital Fund Management S.A. lifted its position in shares of Ryerson Holding Corporation by 16.6% during the 1st quarter. Capital Fund Management S.A. now owns 16,428 shares of the basic materials company’s stock valued at $207,000 after acquiring an additional 2,335 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Ryerson Holding Corporation by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 74,245 shares of the basic materials company’s stock valued at $936,000 after acquiring an additional 2,404 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Ryerson Holding Corporation by 31.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 187,525 shares of the basic materials company’s stock valued at $2,363,000 after acquiring an additional 44,900 shares during the last quarter. Finally, Trexquant Investment LP lifted its position in shares of Ryerson Holding Corporation by 292.8% during the 1st quarter. Trexquant Investment LP now owns 41,998 shares of the basic materials company’s stock valued at $529,000 after acquiring an additional 31,306 shares during the last quarter. Institutional investors own 40.90% of the company’s stock.

Ryerson Holding Corporation Company Profile

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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