Ryerson Holding Corporation (RYI) Receives $13.44 Consensus Price Target from Brokerages
Shares of Ryerson Holding Corporation (NYSE:RYI) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $13.44.
A number of equities analysts recently issued reports on RYI shares. TheStreet upgraded Ryerson Holding Corporation from a “d” rating to a “c” rating in a report on Monday, August 7th. BidaskClub downgraded Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research downgraded Ryerson Holding Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 11th. BMO Capital Markets reiterated a “hold” rating and set a $13.00 price target on shares of Ryerson Holding Corporation in a report on Friday, October 20th. Finally, KeyCorp reiterated a “buy” rating and set a $13.50 price target on shares of Ryerson Holding Corporation in a report on Tuesday, September 19th.
Shares of Ryerson Holding Corporation (NYSE:RYI) remained flat at $$9.00 during midday trading on Thursday. The company’s stock had a trading volume of 264,124 shares, compared to its average volume of 256,216. The company has a current ratio of 2.59, a quick ratio of 1.18 and a debt-to-equity ratio of -44.81. The firm has a market capitalization of $334.19, a price-to-earnings ratio of 17.65 and a beta of 2.08. Ryerson Holding Corporation has a one year low of $7.65 and a one year high of $16.85.
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). The company had revenue of $875.40 million during the quarter, compared to analyst estimates of $875.13 million. Ryerson Holding Corporation had a negative return on equity of 53.49% and a net margin of 0.48%. The business’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 earnings per share. equities research analysts forecast that Ryerson Holding Corporation will post 0.58 earnings per share for the current fiscal year.
In other news, insider Michael Burbach acquired 4,800 shares of Ryerson Holding Corporation stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $8.50 per share, with a total value of $40,800.00. Following the completion of the transaction, the insider now owns 57,800 shares in the company, valued at $491,300. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have purchased 15,950 shares of company stock valued at $130,716. Insiders own 0.76% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RYI. Thrivent Financial For Lutherans acquired a new stake in Ryerson Holding Corporation during the second quarter valued at $2,754,000. Dimensional Fund Advisors LP boosted its position in Ryerson Holding Corporation by 42.9% during the second quarter. Dimensional Fund Advisors LP now owns 782,418 shares of the basic materials company’s stock valued at $7,745,000 after purchasing an additional 234,747 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Ryerson Holding Corporation during the second quarter valued at $1,648,000. James Investment Research Inc. acquired a new stake in shares of Ryerson Holding Corporation in the second quarter worth about $1,529,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Ryerson Holding Corporation in the second quarter worth about $1,476,000. 40.83% of the stock is owned by hedge funds and other institutional investors.
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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