Ryerson Holding Corp (RYI) Receives Consensus Recommendation of “Hold” from Analysts

Ryerson Holding Corp (NYSE:RYI) has received an average rating of “Hold” from the six brokerages that are currently covering the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $14.80.

RYI has been the topic of a number of recent analyst reports. Deutsche Bank AG set a $18.00 target price on Ryerson Holding Corp and gave the company a “buy” rating in a research report on Monday, December 5th. Zacks Investment Research lowered Ryerson Holding Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 18th. Finally, KeyCorp upgraded Ryerson Holding Corp from a “sector weight” rating to an “overweight” rating and set a $18.00 target price on the stock in a research report on Monday, January 9th.

Ryerson Holding Corp (NYSE:RYI) traded down 2.74% on Monday, reaching $10.65. 263,108 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $11.03 and a 200-day moving average price of $11.75. Ryerson Holding Corp has a 52 week low of $4.50 and a 52 week high of $19.71. The stock has a market capitalization of $395.46 million, a price-to-earnings ratio of 19.72 and a beta of 2.41.

Ryerson Holding Corp (NYSE:RYI) last announced its earnings results on Monday, March 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.09. Ryerson Holding Corp had a net margin of 0.24% and a negative return on equity of 20.28%. The business had revenue of $682.20 million for the quarter, compared to analysts’ expectations of $692.88 million. During the same quarter last year, the business earned ($0.46) EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Ryerson Holding Corp will post $1.41 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. First Quadrant L P CA increased its position in Ryerson Holding Corp by 40.2% in the third quarter. First Quadrant L P CA now owns 40,507 shares of the company’s stock valued at $457,000 after buying an additional 11,607 shares in the last quarter. Bank of Montreal Can increased its position in Ryerson Holding Corp by 1,021.6% in the third quarter. Bank of Montreal Can now owns 125,187 shares of the company’s stock valued at $1,414,000 after buying an additional 114,026 shares in the last quarter. Chicago Equity Partners LLC increased its position in Ryerson Holding Corp by 2.9% in the third quarter. Chicago Equity Partners LLC now owns 116,890 shares of the company’s stock valued at $1,320,000 after buying an additional 3,260 shares in the last quarter. Nordea Investment Management AB increased its position in Ryerson Holding Corp by 3.8% in the third quarter. Nordea Investment Management AB now owns 60,700 shares of the company’s stock valued at $685,000 after buying an additional 2,200 shares in the last quarter. Finally, Smith Asset Management Group LP increased its position in Ryerson Holding Corp by 4.8% in the third quarter. Smith Asset Management Group LP now owns 23,790 shares of the company’s stock valued at $269,000 after buying an additional 1,090 shares in the last quarter. 36.90% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Ryerson Holding Corp (RYI) Receives Consensus Recommendation of “Hold” from Analysts” was first posted by Mideast Time and is the property of of Mideast Time. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.mideasttime.com/ryerson-holding-corp-ryi-receives-consensus-recommendation-of-hold-from-analysts/1589543.html.

About Ryerson Holding Corp

Ryerson Holding Corporation (Ryerson Holding) is a service center company for carbon and stainless steel, as well as aluminum. The Company processes and distributes a full line of over 70,000 products in stainless steel, aluminum, carbon steel and alloy steels, and a limited line of nickel and red metals in various shapes and forms.

5 Day Chart for NYSE:RYI

Receive News & Ratings for Ryerson Holding Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryerson Holding Corp and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.