TheStreet upgraded shares of Ryerson (NYSE:RYI) from a d+ rating to a c- rating in a research note released on Monday morning.

Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded Ryerson from a hold rating to a strong sell rating in a research note on Wednesday, January 10th. Jefferies Group reaffirmed a hold rating and set a $9.75 target price on shares of Ryerson in a research note on Friday, November 10th. Finally, BMO Capital Markets cut their target price on Ryerson to $10.00 and set a market perform rating on the stock in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $11.50.

Shares of Ryerson (NYSE:RYI) opened at $12.60 on Monday. The company has a debt-to-equity ratio of -70.93, a quick ratio of 1.08 and a current ratio of 2.49. The firm has a market capitalization of $464.71, a price-to-earnings ratio of 54.78 and a beta of 2.07. Ryerson has a 12 month low of $7.65 and a 12 month high of $14.65.

Ryerson (NYSE:RYI) last announced its earnings results on Tuesday, November 7th. The basic materials company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $864.20 million for the quarter, compared to the consensus estimate of $853.35 million. Ryerson had a negative return on equity of 33.95% and a net margin of 0.26%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. equities research analysts expect that Ryerson will post 0.56 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in RYI. Rhumbline Advisers raised its stake in Ryerson by 26.0% during the 2nd quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock valued at $180,000 after acquiring an additional 3,740 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Ryerson by 4.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 77,526 shares of the basic materials company’s stock valued at $768,000 after purchasing an additional 3,281 shares during the period. Swiss National Bank acquired a new position in shares of Ryerson during the 2nd quarter valued at $275,000. Wells Fargo & Company MN increased its position in shares of Ryerson by 5.8% during the 2nd quarter. Wells Fargo & Company MN now owns 20,343 shares of the basic materials company’s stock valued at $202,000 after purchasing an additional 1,109 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Ryerson by 140.0% during the 2nd quarter. Alliancebernstein L.P. now owns 24,000 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 14,000 shares during the period. 39.28% of the stock is currently owned by hedge funds and other institutional investors.

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Ryerson 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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