Ryerson Holding Corporation (NYSE:RYI) had its price objective cut by BMO Capital Markets to $10.00 in a research note issued to investors on Monday. They currently have a market perform rating on the basic materials company’s stock.
Other equities analysts also recently issued research reports about the stock. Jefferies Group LLC restated a hold rating and set a $9.75 price objective on shares of Ryerson Holding Corporation in a report on Friday. KeyCorp restated a buy rating and set a $13.50 price objective on shares of Ryerson Holding Corporation in a report on Tuesday, September 19th. Zacks Investment Research upgraded shares of Ryerson Holding Corporation from a sell rating to a hold rating in a report on Saturday. BidaskClub downgraded shares of Ryerson Holding Corporation from a sell rating to a strong sell rating in a report on Friday, July 28th. Finally, TheStreet upgraded shares of Ryerson Holding Corporation from a d rating to a c rating in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $12.81.
Ryerson Holding Corporation (NYSE RYI) traded down $0.15 on Monday, hitting $8.75. 338,700 shares of the stock traded hands, compared to its average volume of 306,705. Ryerson Holding Corporation has a 12-month low of $7.65 and a 12-month high of $16.85. The company has a current ratio of 2.49, a quick ratio of 1.08 and a debt-to-equity ratio of -70.93. The firm has a market capitalization of $325.30, a P/E ratio of 31.79 and a beta of 2.08.
Ryerson Holding Corporation (NYSE:RYI) last posted its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 firm had revenue of $864.20 million for the quarter, compared to the consensus estimate of $853.35 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. research analysts expect that Ryerson Holding Corporation will post 0.63 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of RYI. First Trust Advisors LP acquired a new position in Ryerson Holding Corporation in the 3rd quarter worth approximately $134,000. Trellus Management Company LLC acquired a new position in Ryerson Holding Corporation in the 2nd quarter worth approximately $138,000. Ameriprise Financial Inc. acquired a new position in Ryerson Holding Corporation in the 2nd quarter worth approximately $138,000. Rhumbline Advisers increased its holdings in Ryerson Holding Corporation by 26.0% in the 2nd quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock worth $180,000 after buying an additional 3,740 shares during the period. Finally, HighTower Advisors LLC acquired a new position in Ryerson Holding Corporation in the 1st quarter worth approximately $192,000. 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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