Ryerson Holding Corp. (NYSE:RYI) Given Consensus Rating of “Hold” by Brokerages
Shares of Ryerson Holding Corp. (NYSE:RYI) have earned a consensus rating of “Hold” from the six research firms that are currently covering the stock. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $11.38.
A number of research firms have weighed in on RYI. Jefferies Group cut their price objective on shares of Ryerson Holding Corp. from $14.50 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, September 15th. BMO Capital Markets boosted their price objective on shares of Ryerson Holding Corp. from $10.00 to $13.00 and gave the company a “market perform” rating in a research report on Thursday, August 11th. JPMorgan Chase & Co. boosted their price objective on shares of Ryerson Holding Corp. from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 11th. Finally, Zacks Investment Research cut shares of Ryerson Holding Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th.
In related news, insider Michael Burbach purchased 2,800 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were purchased at an average cost of $12.90 per share, for a total transaction of $36,120.00. Following the completion of the acquisition, the insider now owns 37,800 shares in the company, valued at approximately $487,620. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kevin D. Richardson purchased 2,750 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was bought at an average price of $12.00 per share, for a total transaction of $33,000.00. Following the completion of the acquisition, the insider now owns 57,750 shares of the company’s stock, valued at approximately $693,000. The disclosure for this purchase can be found here. 0.90% of the stock is currently owned by insiders.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. ClariVest Asset Management LLC bought a new position in Ryerson Holding Corp. during the second quarter worth approximately $2,708,000. Lucus Advisors LLC acquired a new position in shares of Ryerson Holding Corp. during the second quarter valued at about $363,000. Smith Asset Management Group LP acquired a new position in shares of Ryerson Holding Corp. during the second quarter valued at about $397,000. Bank of Montreal Can acquired a new position in shares of Ryerson Holding Corp. during the second quarter valued at about $195,000. Finally, First Quadrant L P CA boosted its position in shares of Ryerson Holding Corp. by 725.7% in the second quarter. First Quadrant L P CA now owns 28,900 shares of the company’s stock valued at $506,000 after buying an additional 25,400 shares during the last quarter. Hedge funds and other institutional investors own 29.50% of the company’s stock.
Shares of Ryerson Holding Corp. (NYSE:RYI) traded up 1.46% on Tuesday, reaching $10.43. 152,227 shares of the company were exchanged. The company’s 50-day moving average is $12.41 and its 200-day moving average is $11.42. The company has a market capitalization of $386.94 million, a price-to-earnings ratio of 64.38 and a beta of 2.19. Ryerson Holding Corp. has a 52 week low of $2.53 and a 52 week high of $19.71.
Ryerson Holding Corp. (NYSE:RYI) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. Ryerson Holding Corp. had a net margin of 0.18% and a negative return on equity of 14.34%. On average, equities analysts expect that Ryerson Holding Corp. will post $1.56 EPS for the current fiscal year.
About Ryerson Holding Corp.
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.
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