Ryerson Holding Corp (RYI) Receives Average Rating of “Hold” from Brokerages

Ryerson Holding Corp (NYSE:RYI) has received a consensus rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $11.69.

RYI has been the topic of several recent analyst reports. Deutsche Bank cut their price objective on shares of Ryerson from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday. TheStreet upgraded shares of Ryerson from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. Zacks Investment Research upgraded shares of Ryerson from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Jefferies Group restated a “hold” rating and set a $11.00 target price on shares of Ryerson in a research note on Tuesday, January 9th. Finally, ValuEngine cut shares of Ryerson from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brookfield Asset Management Inc. lifted its stake in Ryerson by 11.4% during the 4th quarter. Brookfield Asset Management Inc. now owns 245,000 shares of the basic materials company’s stock valued at $2,548,000 after acquiring an additional 25,000 shares during the period. Luminus Management LLC bought a new position in Ryerson during the 4th quarter valued at about $16,162,000. Two Sigma Investments LP bought a new position in Ryerson during the 4th quarter valued at about $169,000. Towle & Co. lifted its stake in Ryerson by 0.9% during the 4th quarter. Towle & Co. now owns 2,067,313 shares of the basic materials company’s stock valued at $21,500,000 after acquiring an additional 17,640 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Ryerson by 13.0% during the 4th quarter. Geode Capital Management LLC now owns 139,035 shares of the basic materials company’s stock valued at $1,445,000 after acquiring an additional 16,022 shares during the period. Institutional investors and hedge funds own 39.65% of the company’s stock.

RYI stock traded up $0.15 during trading on Friday, hitting $8.15. 855,126 shares of the stock traded hands, compared to its average volume of 284,746. Ryerson has a 1 year low of $7.65 and a 1 year high of $14.65. The company has a market capitalization of $303.25, a price-to-earnings ratio of 22.03 and a beta of 1.75. The company has a debt-to-equity ratio of -138.43, a quick ratio of 1.21 and a current ratio of 2.74.

Ryerson (NYSE:RYI) last announced its quarterly earnings data on Monday, March 5th. The basic materials company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.15). Ryerson had a net margin of 0.51% and a negative return on equity of 71.60%. The firm had revenue of $810.00 million for the quarter, compared to analysts’ expectations of $810.20 million. During the same period last year, the company posted ($0.19) earnings per share. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. research analysts predict that Ryerson will post 1.4 earnings per share for the current fiscal year.

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About Ryerson

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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