Media stories about Ryerson (NYSE:RYI) have been trending somewhat positive on Wednesday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ryerson earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.3440014509129 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Ryerson Holding Corp (RYI) Expected to Announce Quarterly Sales of $911.99 Million (americanbankingnews.com)
- Ryerson (RYI) Downgraded to Sell at ValuEngine (americanbankingnews.com)
- Ryerson (RYI) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- Analysts Set Expectations for Ryerson Holding Corp’s Q1 2018 Earnings (RYI) (americanbankingnews.com)
- 232 fallout hazy; downstream nervous: Ryerson (amm.com)
Ryerson (NYSE:RYI) opened at $9.75 on Wednesday. The company has a market capitalization of $379.53, a P/E ratio of 20.75 and a beta of 1.75. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of -138.43. Ryerson has a 1-year low of $7.65 and a 1-year high of $14.65.
RYI has been the subject of several research analyst reports. Jefferies Group restated a “hold” rating and set a $11.00 price target on shares of Ryerson in a report on Tuesday, January 9th. Zacks Investment Research cut Ryerson from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 10th. TheStreet upgraded Ryerson from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. Finally, ValuEngine cut Ryerson from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.25.
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Ryerson 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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