Ryerson Holding Corporation (NYSE:RYI)‘s stock had its “buy” rating reaffirmed by investment analysts at KeyCorp in a research report issued to clients and investors on Tuesday. They currently have a $13.50 price objective on the basic materials company’s stock. KeyCorp’s price target indicates a potential upside of 37.06% from the stock’s previous close.
Several other research analysts also recently commented on the company. Jefferies Group LLC reiterated a “hold” rating and set a $9.25 target price on shares of Ryerson Holding Corporation in a research note on Thursday, September 7th. TheStreet upgraded Ryerson Holding Corporation from a “d” rating to a “c” rating in a research note on Monday, August 7th. BidaskClub downgraded Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, ValuEngine downgraded Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Ryerson Holding Corporation presently has an average rating of “Hold” and an average target price of $13.15.
Ryerson Holding Corporation (NYSE:RYI) opened at 9.85 on Tuesday. Ryerson Holding Corporation has a 52 week low of $7.65 and a 52 week high of $16.85. The firm has a market capitalization of $366.18 million, a price-to-earnings ratio of 24.44 and a beta of 2.11. The company has a 50 day moving average price of $8.45 and a 200-day moving average price of $9.90.
Ryerson Holding Corporation (NYSE:RYI) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $875.13 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. Equities analysts predict that Ryerson Holding Corporation will post $1.04 earnings per share for the current year.
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In related news, insider Michael Burbach acquired 4,800 shares of the company’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $8.50 per share, with a total value of $40,800.00. Following the acquisition, the insider now directly owns 57,800 shares of the company’s stock, valued at $491,300. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 15,950 shares of company stock valued at $130,716 over the last 90 days. 0.76% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Benefit Street Partners LLC raised its holdings in Ryerson Holding Corporation by 193.6% in the 2nd quarter. Benefit Street Partners LLC now owns 200,000 shares of the basic materials company’s stock valued at $1,980,000 after acquiring an additional 131,875 shares in the last quarter. California State Teachers Retirement System raised its holdings in Ryerson Holding Corporation by 11.9% in the 2nd quarter. California State Teachers Retirement System now owns 28,312 shares of the basic materials company’s stock valued at $280,000 after acquiring an additional 3,000 shares in the last quarter. State Street Corp raised its holdings in Ryerson Holding Corporation by 5.0% in the 2nd quarter. State Street Corp now owns 213,745 shares of the basic materials company’s stock valued at $2,119,000 after acquiring an additional 10,141 shares in the last quarter. Numeric Investors LLC acquired a new position in Ryerson Holding Corporation in the 2nd quarter valued at $1,234,000. Finally, Dimensional Fund Advisors LP raised its holdings in Ryerson Holding Corporation by 42.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 782,418 shares of the basic materials company’s stock valued at $7,745,000 after acquiring an additional 234,747 shares in the last quarter. 40.90% 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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