Ryerson Holding Corp (RYI) Given Average Rating of “Hold” by Brokerages

Shares of Ryerson Holding Corp (NYSE:RYI) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $11.13.

A number of research firms have recently commented on RYI. Zacks Investment Research upgraded Ryerson from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Thursday, August 9th. ValuEngine upgraded Ryerson from a “strong sell” rating to a “sell” rating in a report on Monday, October 8th. Finally, Deutsche Bank upgraded Ryerson from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Monday, November 5th.

RYI stock opened at $7.58 on Friday. The firm has a market cap of $285.70 million, a PE ratio of 20.49 and a beta of 1.89. The company has a debt-to-equity ratio of 12.03, a current ratio of 2.45 and a quick ratio of 1.06. Ryerson has a 52 week low of $7.12 and a 52 week high of $12.95.

Ryerson (NYSE:RYI) last released its quarterly earnings data on Friday, November 2nd. The basic materials company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. Ryerson had a return on equity of 101.73% and a net margin of 2.60%. The company’s quarterly revenue was up 44.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 earnings per share. On average, analysts forecast that Ryerson will post 1.24 earnings per share for the current fiscal year.

In related news, CEO Edward J. Lehner purchased 4,125 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average cost of $8.10 per share, for a total transaction of $33,412.50. Following the acquisition, the chief executive officer now owns 215,439 shares in the company, valued at $1,745,055.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders purchased 13,625 shares of company stock valued at $113,158. 1.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in RYI. Martingale Asset Management L P acquired a new stake in Ryerson in the 2nd quarter valued at $151,000. Jefferies Group LLC acquired a new stake in Ryerson in the 3rd quarter valued at $162,000. Wakefield Asset Management LLLP acquired a new stake in Ryerson in the 3rd quarter valued at $222,000. O Shaughnessy Asset Management LLC boosted its position in Ryerson by 59.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,986 shares of the basic materials company’s stock valued at $237,000 after buying an additional 7,850 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in Ryerson in the 2nd quarter valued at about $271,000. Hedge funds and other institutional investors own 36.83% of the company’s stock.

Ryerson Company Profile

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.

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