Ryerson (NYSE:RYI) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday, May 14th.
RYI has been the subject of several other research reports. Zacks Investment Research raised shares of Ryerson from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. TheStreet raised shares of Ryerson from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Jefferies Group reaffirmed a “hold” rating and issued a $10.25 target price on shares of Ryerson in a research report on Tuesday, March 6th. Finally, Deutsche Bank cut their price objective on shares of Ryerson from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, March 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Ryerson presently has a consensus rating of “Hold” and a consensus price target of $11.69.
Shares of RYI opened at $11.90 on Monday. Ryerson has a one year low of $7.65 and a one year high of $12.90. The stock has a market capitalization of $453.15 million, a price-to-earnings ratio of 32.16 and a beta of 1.86. The company has a quick ratio of 1.03, a current ratio of 2.22 and a debt-to-equity ratio of 193.12.
Ryerson (NYSE:RYI) last released its earnings results on Wednesday, May 2nd. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm had revenue of $941.30 million during the quarter, compared to analyst estimates of $938.95 million. Ryerson had a net margin of 0.36% and a negative return on equity of 95.92%. The business’s revenue was up 15.6% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. sell-side analysts predict that Ryerson will post 1.5 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. lifted its stake in shares of Ryerson by 18.9% during the 1st quarter. Prudential Financial Inc. now owns 31,770 shares of the basic materials company’s stock valued at $259,000 after buying an additional 5,060 shares in the last quarter. Citadel Advisors LLC lifted its stake in Ryerson by 17.3% in the 1st quarter. Citadel Advisors LLC now owns 41,214 shares of the basic materials company’s stock worth $336,000 after purchasing an additional 6,074 shares in the last quarter. Northern Trust Corp raised its position in shares of Ryerson by 4.0% during the 1st quarter. Northern Trust Corp now owns 171,654 shares of the basic materials company’s stock valued at $1,399,000 after buying an additional 6,529 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Ryerson by 5.8% during the 1st quarter. Victory Capital Management Inc. now owns 155,950 shares of the basic materials company’s stock valued at $1,271,000 after buying an additional 8,600 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Ryerson by 13.0% during the 4th quarter. Bank of New York Mellon Corp now owns 89,616 shares of the basic materials company’s stock valued at $932,000 after buying an additional 10,308 shares in the last quarter. Institutional investors own 39.35% of the company’s stock.
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural products, and tubing.
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