Ryerson Holding Corporation (RYI) Rating Reiterated by Jefferies Group LLC
Ryerson Holding Corporation (NYSE:RYI)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group LLC in a research note issued to investors on Friday. They presently have a $9.75 target price on the basic materials company’s stock. Jefferies Group LLC’s price target points to a potential upside of 9.55% from the stock’s current price. Jefferies Group also issued estimates for Ryerson Holding Corporation’s Q4 2017 earnings at $0.01 EPS and FY2018 earnings at $1.40 EPS.
Several other research firms also recently commented on RYI. Zacks Investment Research downgraded Ryerson Holding Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 11th. KeyCorp reaffirmed a “buy” rating and issued a $13.50 target price on shares of Ryerson Holding Corporation in a research report on Tuesday, September 19th. BidaskClub downgraded Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. TheStreet upgraded Ryerson Holding Corporation from a “d” rating to a “c” rating in a research note on Monday, August 7th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $13.00 price target on shares of Ryerson Holding Corporation in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $13.56.
Ryerson Holding Corporation (RYI) traded up $0.05 during trading on Friday, hitting $8.90. The stock had a trading volume of 305,300 shares, compared to its average volume of 270,537. Ryerson Holding Corporation has a 52 week low of $7.65 and a 52 week high of $16.85. The company has a quick ratio of 1.18, a current ratio of 2.49 and a debt-to-equity ratio of -70.93. The firm has a market capitalization of $331.16, a P/E ratio of 31.79 and a beta of 2.08.
Ryerson Holding Corporation (NYSE:RYI) last posted its earnings results on Tuesday, November 7th. The basic materials company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Ryerson Holding Corporation had a negative return on equity of 33.95% and a net margin of 0.26%. The company had revenue of $864.20 million for the quarter, compared to the consensus estimate of $853.35 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. sell-side analysts predict that Ryerson Holding Corporation will post 0.63 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RYI. Thrivent Financial For Lutherans bought a new stake in Ryerson Holding Corporation during the second quarter worth $2,754,000. Dimensional Fund Advisors LP grew its holdings in Ryerson Holding Corporation by 42.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 782,418 shares of the basic materials company’s stock worth $7,745,000 after acquiring an additional 234,747 shares during the period. Wells Fargo & Company MN grew its holdings in Ryerson Holding Corporation by 1,111.8% during the 3rd quarter. Wells Fargo & Company MN now owns 246,515 shares of the basic materials company’s stock worth $2,674,000 after acquiring an additional 226,172 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in Ryerson Holding Corporation during the 2nd quarter worth about $1,648,000. Finally, James Investment Research Inc. acquired a new stake in Ryerson Holding Corporation during the 2nd quarter worth about $1,529,000. Hedge funds and other institutional investors own 40.85% 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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