Ryerson Holding Corporation (NYSE:RYI) had its price target trimmed by BMO Capital Markets to $10.00 in a research note released on Monday, The Fly reports. The brokerage currently has a market perform rating on the basic materials company’s stock.
Several other research firms have also issued reports on RYI. Zacks Investment Research lowered shares of Ryerson Holding Corporation from a hold rating to a strong sell rating in a research note on Wednesday, October 11th. KeyCorp reissued a buy rating and set a $13.50 target price on shares of Ryerson Holding Corporation in a research note on Tuesday, September 19th. BidaskClub lowered shares of Ryerson Holding Corporation from a sell rating to a strong sell rating in a research note on Friday, July 28th. Jefferies Group LLC reissued a hold rating and set a $9.75 target price on shares of Ryerson Holding Corporation in a research note on Friday, November 10th. Finally, TheStreet raised shares of Ryerson Holding Corporation from a d rating to a c rating in a research note 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 stock. Ryerson Holding Corporation currently has a consensus rating of Hold and an average target price of $12.81.
Ryerson Holding Corporation (NYSE RYI) traded up $0.05 during trading hours on Monday, reaching $8.60. 153,700 shares of the company’s stock traded hands, compared to its average volume of 305,873. Ryerson Holding Corporation has a one year low of $7.65 and a one year high of $16.85. The company has a debt-to-equity ratio of -70.93, a quick ratio of 1.08 and a current ratio of 2.49. The stock has a market capitalization of $323.44, a price-to-earnings ratio of 30.54 and a beta of 2.08.
Ryerson Holding Corporation (NYSE:RYI) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.05 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 period in the prior year, the company earned $0.28 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. research analysts predict that Ryerson Holding Corporation will post 0.63 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP acquired a new position in shares of Ryerson Holding Corporation during the 3rd quarter worth about $134,000. Trellus Management Company LLC acquired a new position in shares of Ryerson Holding Corporation during the 2nd quarter worth about $138,000. Ameriprise Financial Inc. acquired a new position in shares of Ryerson Holding Corporation during the 2nd quarter worth about $138,000. HighTower Advisors LLC acquired a new position in shares of Ryerson Holding Corporation during the 1st quarter worth about $192,000. Finally, Rhumbline Advisers raised its position in shares of Ryerson Holding Corporation by 26.0% during the 2nd quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock worth $180,000 after purchasing an additional 3,740 shares during the last quarter. Hedge funds and other institutional investors own 40.28% of the company’s stock.
About Ryerson Holding Corporation
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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