Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Ryerson Holding Corporation (RYI) Share Price
News articles about Ryerson Holding Corporation (NYSE:RYI) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ryerson Holding Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.4113180957091 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research analysts recently weighed in on RYI shares. KeyCorp reaffirmed a “buy” rating and issued a $13.50 price target on shares of Ryerson Holding Corporation in a research note on Tuesday, September 19th. TheStreet raised shares of Ryerson Holding Corporation from a “d” rating to a “c” rating in a research note on Monday, August 7th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.25 price target on shares of Ryerson Holding Corporation in a research note on Thursday, September 7th. BMO Capital Markets reaffirmed a “hold” rating and issued a $13.00 price target on shares of Ryerson Holding Corporation in a research note on Friday, October 20th. Finally, Zacks Investment Research lowered shares of Ryerson Holding Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $13.44.
Shares of Ryerson Holding Corporation (NYSE RYI) opened at 9.00 on Tuesday. The firm has a market cap of $334.58 million, a P/E ratio of 22.33 and a beta of 2.19. The firm has a 50-day moving average of $9.47 and a 200-day moving average of $9.49. Ryerson Holding Corporation has a 12-month low of $7.65 and a 12-month high of $16.85.
Ryerson Holding Corporation (NYSE:RYI) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The company had revenue of $875.40 million for the quarter, compared to analysts’ expectations of $875.13 million. Ryerson Holding Corporation had a negative return on equity of 53.49% and a net margin of 0.48%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. On average, equities analysts forecast that Ryerson Holding Corporation will post $0.60 earnings per share for the current fiscal year.
In other Ryerson Holding Corporation news, insider Michael Burbach purchased 4,800 shares of Ryerson Holding Corporation stock in a transaction on Friday, August 11th. The shares were bought at an average price of $8.50 per share, with a total value of $40,800.00. Following the completion of the acquisition, the insider now directly owns 57,800 shares of the company’s stock, valued at $491,300. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired 15,950 shares of company stock worth $130,716 in the last ninety days. Insiders own 0.76% of the company’s stock.
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Ryerson Holding Corporation Company Profile
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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