News stories about Ryerson (NYSE:RYI) have been trending positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ryerson earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 44.0405915736398 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Publicly funded “hateful honkies” sponsor Ryerson’s “race-baiting” conference (therebel.media)
- New Canadian anti-hate network looks to co-ordinate efforts against far-right extremism (thestar.com)
- Ryerson U’s “inclusive” white privilege conference excludes media (therebel.media)
- 1 stabbed, another injured in fight near Ryerson University (680news.com)
- Ryerson (RYI) Upgraded at ValuEngine (americanbankingnews.com)
Several equities analysts have recently issued reports on RYI shares. ValuEngine upgraded Ryerson from a “hold” rating to a “buy” rating in a research report on Monday. Deutsche Bank decreased their target price on Ryerson from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, March 29th. Zacks Investment Research upgraded Ryerson from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Jefferies Group restated a “hold” rating and set a $10.25 target price on shares of Ryerson in a research report on Tuesday, March 6th. Finally, TheStreet upgraded Ryerson from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $11.69.
Ryerson (NYSE:RYI) last posted its earnings results on Wednesday, May 2nd. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The company 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 company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS. equities analysts forecast that Ryerson will post 1.5 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.
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