Shares of Ryerson Holding (NYSE:RYI) have been given a consensus rating of “Hold” by the eight analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $11.69.
Several equities research analysts have commented on RYI shares. Zacks Investment Research lowered Ryerson from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Jefferies Group restated a “hold” rating and set a $10.25 price target on shares of Ryerson in a research note on Tuesday, March 6th. ValuEngine lowered Ryerson from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Finally, Deutsche Bank dropped their price target on Ryerson from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, March 29th.
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A number of large investors have recently made changes to their positions in the business. Prudential Financial Inc. increased its stake in Ryerson by 18.9% during the first quarter. Prudential Financial Inc. now owns 31,770 shares of the basic materials company’s stock worth $259,000 after acquiring an additional 5,060 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of Ryerson by 17.3% in the first quarter. Citadel Advisors LLC now owns 41,214 shares of the basic materials company’s stock worth $336,000 after buying an additional 6,074 shares during the period. Northern Trust Corp boosted its position in shares of Ryerson by 4.0% in the first quarter. Northern Trust Corp now owns 171,654 shares of the basic materials company’s stock worth $1,399,000 after buying an additional 6,529 shares during the period. Victory Capital Management Inc. boosted its position in shares of Ryerson by 5.8% in the first quarter. Victory Capital Management Inc. now owns 155,950 shares of the basic materials company’s stock worth $1,271,000 after buying an additional 8,600 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Ryerson by 13.0% in the fourth quarter. Bank of New York Mellon Corp now owns 89,616 shares of the basic materials company’s stock worth $932,000 after buying an additional 10,308 shares during the period. Institutional investors own 39.35% of the company’s stock.
Ryerson stock traded down $0.35 during trading on Monday, hitting $11.40. The company’s stock had a trading volume of 120,381 shares, compared to its average volume of 254,592. The firm has a market capitalization of $438.23 million, a P/E ratio of 30.81 and a beta of 1.86. Ryerson has a 1-year low of $7.65 and a 1-year high of $12.90. The company has a current ratio of 2.22, a quick ratio of 1.03 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 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 negative return on equity of 95.92% and a net margin of 0.36%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 earnings per share. equities analysts predict that Ryerson will post 1.51 EPS for the current year.
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.