Ryerson Holding Corporation (NYSE:RYI) Valuation According To Analysts

Cornelia Mascio
Marzo 21, 2017

Ryerson Holding Corp (NYSE:RYI) was upgraded by Zacks Investment Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.

Ryerson Holding Corp (RYI) made into the market gainers list on Wednesdays trading session with the shares advancing 9.62% or 1 points.

Ryerson Holding Corp (NYSE:RYI) last released its quarterly earnings results on Monday, March 13th.

For the year, the company reported net income of $18.7 million, or 54 cents per share, swinging to a profit in the period.

In a different note, On Jan 9, 2017, KeyBanc said it Upgrades its rating on Ryerson Holding Corp. During the same quarter in the previous year, the business earned ($0.46) EPS. Last year, it had about $702.6 million of revenue.

A number of other equities analysts have also commented on RYI. Zacks Investment Research raised shares of Ryerson Holding Corp from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a report on Thursday, January 5th.

12/05/2016 - Ryerson Holding Corporation had its "buy" rating reiterated by analysts at Deutsche Bank. KeyCorp now has a "Overweight" rating and a $18.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. The stock has a consensus rating of "Hold" and an average price target of $14.83.

Ryerson Holding Corporation (NYSE:RYI) last session's volume of 0.36 million shares was higher than its average volume of 0.25 million shares. Ryerson Holding Corp has a one year low of $4.35 and a one year high of $19.71. The firm's 50-day moving average is $10.94 and its 200 day moving average is $11.78.

Ryerson Holding Corp has a 52 week low of $4.35 and a 52 week high of $19.71 with a P/E ratio of 21.94 The company's market cap is now $0. Omega Advisors Inc. bought a new stake in Ryerson Holding Corp during the third quarter valued at approximately $1,544,000. Acrospire Investment Management LLC now owns 20,546 shares of the company's stock valued at $232,000 after buying an additional 6,033 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in Ryerson Holding Corp during the third quarter valued at approximately $1,044,000. Dimensional Fund Advisors LP increased its stake in Ryerson Holding Corp by 34.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 495,562 shares of the company's stock valued at $6,617,000 after buying an additional 126,695 shares in the last quarter. Acrospire Investment Management LLC raised its position in Ryerson Holding Corp by 41.6% in the third quarter. In the final minutes of trading on Monday, shares hit $10.15, more than doubling in the last 12 months. Marshall Wace LLP purchased a new position in shares of Ryerson Holding Corp during the fourth quarter valued at $160,000.

Ryerson Holding Corporation (Ryerson Holding) is a service center company for carbon and stainless steel, as well as aluminum. The Company process and distribute a full line of over 70000 products in stainless steel aluminum carbon steel and alloy steels and a limited line of nickel and red metals in various shapes and forms.

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