Zacks Investment Research upgraded shares of Ryerson Holding Corporation (NYSE:RYI) from a sell rating to a hold rating in a report released on Saturday morning.
According to Zacks, “Ryerson Holding Corporation is a services company that processes and distributes metals. The Company, through its subsidiaries, purchases, processes, and distributes various forms of stainless steel, aluminum, carbon, alloy steel, nickel, and red metals. Ryerson serves several industries including oil and gas, industrial equipment, transportation equipment, heavy equipment and electrical machinery. It has operations primarily in the United States, Mexico, Canada, China and Brazil. Ryerson Holding Corporation is headquartered in Chicago. “
Other analysts have also issued research reports about the stock. KeyCorp reissued a buy rating and issued a $13.50 price target on shares of Ryerson Holding Corporation in a research report on Tuesday, September 19th. TheStreet raised shares of Ryerson Holding Corporation from a d rating to a c rating in a research report on Monday, August 7th. Jefferies Group LLC reissued a hold rating and issued a $9.75 price target on shares of Ryerson Holding Corporation in a research report on Friday, November 10th. BMO Capital Markets reissued a hold rating and issued a $13.00 price target on shares of Ryerson Holding Corporation in a research report on Friday, October 20th. Finally, BidaskClub lowered shares of Ryerson Holding Corporation from a sell rating to a strong sell rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Ryerson Holding Corporation currently has a consensus rating of Hold and a consensus target price of $12.81.
Shares of Ryerson Holding Corporation (NYSE RYI) opened at $8.60 on Friday. The company has a market cap of $325.30, a PE ratio of 31.79 and a beta of 2.08. The company has a debt-to-equity ratio of -70.93, a current ratio of 2.49 and a quick ratio of 1.08. Ryerson Holding Corporation has a 12-month low of $7.65 and a 12-month high of $16.85.
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, meeting the consensus estimate of $0.05. Ryerson Holding Corporation had a net margin of 0.26% and a negative return on equity of 33.95%. The company had revenue of $864.20 million for the quarter, compared to analyst estimates of $853.35 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. equities analysts forecast that Ryerson Holding Corporation will post 0.63 EPS for the current year.
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A number of large investors have recently modified their holdings of RYI. Bank of New York Mellon Corp grew its stake in Ryerson Holding Corporation by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 74,245 shares of the basic materials company’s stock valued at $936,000 after acquiring an additional 2,404 shares in the last quarter. California Public Employees Retirement System purchased a new position in Ryerson Holding Corporation during the first quarter valued at approximately $275,000. Vanguard Group Inc. grew its stake in Ryerson Holding Corporation by 1.7% during the first quarter. Vanguard Group Inc. now owns 912,378 shares of the basic materials company’s stock valued at $11,496,000 after acquiring an additional 15,628 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Ryerson Holding Corporation by 10.5% during the first quarter. Dimensional Fund Advisors LP now owns 547,671 shares of the basic materials company’s stock valued at $6,900,000 after acquiring an additional 52,109 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Ryerson Holding Corporation by 8.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 143,944 shares of the basic materials company’s stock valued at $1,814,000 after acquiring an additional 10,979 shares in the last quarter. 40.28% of the stock is owned by 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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