Ryerson (RYI) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Ryerson (NYSE: RYI):

  • 9/25/2019 – Ryerson was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/16/2019 – Ryerson was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/11/2019 – Ryerson was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Ryerson Holding Corporation is a services company that processes and distributes metals. The Company, through its subsidiaries, purchases, processes, and distributes various forms of stainless steel, aluminum, carbon, alloy steel, nickel, and red metals. Ryerson serves several industries including oil and gas, industrial equipment, transportation equipment, heavy equipment and electrical machinery. It has operations primarily in the United States, Mexico, Canada, China and Brazil. Ryerson Holding Corporation is headquartered in Chicago. “
  • 9/10/2019 – Ryerson was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 8/26/2019 – Ryerson had its price target lowered by analysts at BMO Capital Markets from $9.00 to $7.00. They now have a “market perform” rating on the stock.
  • 8/10/2019 – Ryerson was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Ryerson Holding Corporation is a services company that processes and distributes metals. The Company, through its subsidiaries, purchases, processes, and distributes various forms of stainless steel, aluminum, carbon, alloy steel, nickel, and red metals. Ryerson serves several industries including oil and gas, industrial equipment, transportation equipment, heavy equipment and electrical machinery. It has operations primarily in the United States, Mexico, Canada, China and Brazil. Ryerson Holding Corporation is headquartered in Chicago. “
  • 8/1/2019 – Ryerson was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.

RYI stock traded up $0.26 during midday trading on Monday, hitting $8.55. The stock had a trading volume of 2,671 shares, compared to its average volume of 156,061. Ryerson Holding Corp has a 1-year low of $5.99 and a 1-year high of $11.89. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 8.94. The firm has a market cap of $314.33 million, a P/E ratio of 7.99 and a beta of 1.92. The business has a fifty day moving average price of $7.70 and a two-hundred day moving average price of $8.33.

Ryerson (NYSE:RYI) last posted its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.32). Ryerson had a net margin of 2.56% and a return on equity of 56.51%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $0.46 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, equities analysts anticipate that Ryerson Holding Corp will post 2.16 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of RYI. Dimensional Fund Advisors LP increased its stake in Ryerson by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,295,114 shares of the basic materials company’s stock valued at $8,211,000 after purchasing an additional 97,085 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Ryerson by 111.3% during the first quarter. BNP Paribas Arbitrage SA now owns 3,375 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 1,778 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Ryerson by 27.4% during the first quarter. Acadian Asset Management LLC now owns 175,474 shares of the basic materials company’s stock worth $1,502,000 after acquiring an additional 37,712 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Ryerson during the first quarter worth about $273,000. Finally, ClariVest Asset Management LLC increased its position in shares of Ryerson by 3.3% during the first quarter. ClariVest Asset Management LLC now owns 98,100 shares of the basic materials company’s stock worth $840,000 after acquiring an additional 3,100 shares in the last quarter. 35.65% of the stock is owned by hedge funds and other institutional investors.

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, structurals, and tubing.

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