Jefferies Group LLC reaffirmed their hold rating on shares of Ryerson Holding Corporation (NYSE:RYI) in a report published on Friday. Jefferies Group LLC currently has a $9.75 price target on the basic materials company’s stock. Jefferies Group also issued estimates for Ryerson Holding Corporation’s Q4 2017 earnings at $0.01 EPS and FY2018 earnings at $1.40 EPS.
Other analysts also recently issued reports about the company. KeyCorp reiterated a buy rating and set a $13.50 target price on shares of Ryerson Holding Corporation in a research report on Tuesday, September 19th. BMO Capital Markets reiterated a hold rating and set a $13.00 target price on shares of Ryerson Holding Corporation in a research report on Friday, October 20th. Zacks Investment Research downgraded Ryerson Holding Corporation from a hold rating to a strong sell rating in a research report on Wednesday, October 11th. BidaskClub downgraded Ryerson Holding Corporation from a sell rating to a strong sell rating in a research report on Friday, July 28th. Finally, TheStreet upgraded Ryerson Holding Corporation from a d rating to a c rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Ryerson Holding Corporation presently has a consensus rating of Hold and a consensus target price of $13.56.
Ryerson Holding Corporation (NYSE:RYI) traded up $0.05 during trading hours on Friday, hitting $8.90. The stock had a trading volume of 305,300 shares, compared to its average volume of 270,537. Ryerson Holding Corporation has a fifty-two week low of $7.65 and a fifty-two week high of $16.85. The company has a market capitalization of $331.16, a P/E ratio of 31.79 and a beta of 2.08. The company has a debt-to-equity ratio of -70.93, a quick ratio of 1.18 and a current ratio of 2.49.
Ryerson Holding Corporation (NYSE:RYI) last released its earnings results on Tuesday, November 7th. The basic materials company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Ryerson Holding Corporation had a negative return on equity of 33.95% and a net margin of 0.26%. The business had revenue of $864.20 million during the quarter, compared to the consensus estimate of $853.35 million. During the same period last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. analysts forecast that Ryerson Holding Corporation will post 0.63 EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System bought a new stake in shares of Ryerson Holding Corporation in the first quarter valued at about $275,000. HighTower Advisors LLC bought a new stake in shares of Ryerson Holding Corporation in the first quarter valued at about $192,000. Dimensional Fund Advisors LP raised its holdings in shares of Ryerson Holding Corporation by 10.5% in the first quarter. Dimensional Fund Advisors LP now owns 547,671 shares of the basic materials company’s stock valued at $6,900,000 after acquiring an additional 52,109 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Ryerson Holding Corporation in the second quarter valued at about $1,476,000. Finally, First Heartland Consultants Inc. raised its holdings in shares of Ryerson Holding Corporation by 12.5% in the second quarter. First Heartland Consultants Inc. now owns 96,200 shares of the basic materials company’s stock valued at $952,000 after acquiring an additional 10,700 shares in the last quarter. Hedge funds and other institutional investors own 40.85% 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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