Ryerson Holding Corporation’s (RYI) “Hold” Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC restated their hold rating on shares of Ryerson Holding Corporation (NYSE:RYI) in a research note released on Friday morning. Jefferies Group LLC currently has a $9.75 price objective on the basic materials company’s stock. Jefferies Group also issued estimates for Ryerson Holding Corporation’s Q4 2017 earnings at $0.01 EPS and FY2018 earnings at $1.40 EPS.

A number of other research firms have also recently issued reports on RYI. Zacks Investment Research cut shares of Ryerson Holding Corporation from a hold rating to a strong sell rating in a report on Wednesday, October 11th. KeyCorp reiterated a buy rating and issued a $13.50 price objective on shares of Ryerson Holding Corporation in a research note on Tuesday, September 19th. BidaskClub lowered shares of Ryerson Holding Corporation from a sell rating to a strong sell rating in a research note on Friday, July 28th. TheStreet upgraded shares of 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 objective on shares of Ryerson Holding Corporation in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $12.81.

Ryerson Holding Corporation (RYI) opened at $8.75 on Friday. The stock has a market cap of $331.16, a price-to-earnings ratio of 31.79 and a beta of 2.08. Ryerson Holding Corporation has a fifty-two week low of $7.65 and a fifty-two week high of $16.85. The company has a quick ratio of 1.08, a current ratio of 2.49 and a debt-to-equity ratio of -70.93.

Ryerson Holding Corporation (NYSE:RYI) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. The business had revenue of $864.20 million during the quarter, compared to analysts’ expectations of $853.35 million. Ryerson Holding Corporation had a net margin of 0.26% and a negative return on equity of 33.95%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. sell-side analysts expect that Ryerson Holding Corporation will post 0.63 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP acquired a new stake in Ryerson Holding Corporation during the third quarter valued at $134,000. Trellus Management Company LLC acquired a new stake in Ryerson Holding Corporation during the second quarter valued at $138,000. Ameriprise Financial Inc. acquired a new stake in Ryerson Holding Corporation during the second quarter valued at $138,000. HighTower Advisors LLC acquired a new stake in Ryerson Holding Corporation during the first quarter valued at $192,000. Finally, Rhumbline Advisers grew its position in Ryerson Holding Corporation by 26.0% during the second quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock valued at $180,000 after buying an additional 3,740 shares during the period. Institutional investors own 40.28% 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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