Ryerson Holding Corp (NYSE:RYI) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $11.25.
A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded Ryerson from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Jefferies Group reissued a “hold” rating and set a $10.25 price target on shares of Ryerson in a research report on Tuesday, March 6th. TheStreet raised Ryerson from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. ValuEngine downgraded Ryerson from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Finally, BMO Capital Markets lowered their price target on Ryerson to $10.00 and set a “market perform” rating on the stock in a research report on Monday, November 13th.
Ryerson (NYSE RYI) traded up $0.35 during trading hours on Wednesday, hitting $10.20. The company had a trading volume of 252,732 shares, compared to its average volume of 252,349. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of -138.43. The firm has a market capitalization of $372.09, a P/E ratio of 58.82 and a beta of 1.75. Ryerson has a twelve month low of $7.65 and a twelve month high of $14.65.
Ryerson (NYSE:RYI) last released its earnings results on Monday, March 5th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). The company had revenue of $810.00 million during the quarter, compared to analyst estimates of $810.20 million. Ryerson had a net margin of 0.51% and a negative return on equity of 71.60%. Ryerson’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.19) EPS. research analysts anticipate that Ryerson will post 1.44 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in RYI. Wells Fargo & Company MN increased its position in Ryerson by 5.8% during the second quarter. Wells Fargo & Company MN now owns 20,343 shares of the basic materials company’s stock worth $202,000 after buying an additional 1,109 shares during the last quarter. Alliancebernstein L.P. increased its position in Ryerson by 140.0% during the second quarter. Alliancebernstein L.P. now owns 24,000 shares of the basic materials company’s stock worth $238,000 after buying an additional 14,000 shares during the last quarter. Teachers Advisors LLC increased its position in Ryerson by 19.7% during the second quarter. Teachers Advisors LLC now owns 32,987 shares of the basic materials company’s stock worth $327,000 after buying an additional 5,438 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Ryerson by 15.3% during the second quarter. TIAA CREF Investment Management LLC now owns 40,553 shares of the basic materials company’s stock worth $401,000 after buying an additional 5,396 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in Ryerson during the second quarter worth approximately $138,000. 39.65% of the stock is currently owned by hedge funds and other institutional investors.
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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