The stock of Ryerson Holding Corp (NYSE:RYI) is a huge mover today! The stock increased 6.79% or $0.9 on November 29, hitting $14.15. About 525,801 shares traded hands or 54.45% up from the average. Ryerson Holding Corp (NYSE:RYI) has risen 65.42% since April 26, 2016 and is uptrending. It has outperformed by 60.16% the S&P500.
The move comes after 7 months positive chart setup for the $513.79 million company. It was reported on Nov, 29 by Barchart.com. We have $14.86 PT which if reached, will make NYSE:RYI worth $25.69 million more.
Analysts await Ryerson Holding Corp (NYSE:RYI) to report earnings on March, 8. They expect $0.12 earnings per share, up 126.09% or $0.58 from last year’s $-0.46 per share. RYI’s profit will be $4.36M for 29.48 P/E if the $0.12 EPS becomes a reality. After $0.28 actual earnings per share reported by Ryerson Holding Corp for the previous quarter, Wall Street now forecasts -57.14% negative EPS growth.
Ryerson Holding Corp (NYSE:RYI) Ratings Coverage
Out of 5 analysts covering Ryerson Holding (NYSE:RYI), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. Ryerson Holding has been the topic of 13 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Ryerson Holding Corp (NYSE:RYI) earned “Neutral” rating by JP Morgan on Friday, March 11. On Wednesday, January 13 the stock rating was reinitiated by Jefferies with “Hold”. The company was maintained on Thursday, September 15 by Jefferies. The stock of Ryerson Holding Corp (NYSE:RYI) earned “Hold” rating by Jefferies on Monday, August 24. The rating was maintained by BMO Capital Markets on Thursday, August 11 with “Market Perform”. JP Morgan maintained Ryerson Holding Corp (NYSE:RYI) on Thursday, August 11 with “Neutral” rating. The stock of Ryerson Holding Corp (NYSE:RYI) earned “Neutral” rating by JP Morgan on Tuesday, April 19. Jefferies maintained the shares of RYI in a report on Wednesday, September 16 with “Hold” rating. Deutsche Bank maintained the shares of RYI in a report on Monday, October 5 with “Hold” rating. BMO Capital Markets downgraded the shares of RYI in a report on Friday, August 14 to “Outperform” rating.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 2.85 in 2016 Q2. Its up 0.75, from 2.1 in 2016Q1. The ratio is positive, as 8 funds sold all Ryerson Holding Corp shares owned while 21 reduced positions. 32 funds bought stakes while 29 increased positions. They now own 10.65 million shares or 2.98% more from 10.34 million shares in 2016Q1.
Cornerstone Management Ltd Liability Company has 99,800 shares for 0.01% of their US portfolio. Teachers Advsr last reported 0% of its portfolio in the stock. Ladenburg Thalmann Fincl Serv has invested 0% of its portfolio in Ryerson Holding Corp (NYSE:RYI). Aqr Cap Management Llc, a Connecticut-based fund reported 115,749 shares. State Teachers Retirement last reported 900 shares in the company. Bridgeway Cap Mgmt reported 274,400 shares or 0.07% of all its holdings. Boothbay Fund Ltd Liability has 0.1% invested in the company for 11,972 shares. Invesco Ltd has 0% invested in the company for 282,477 shares. Gilman Hill Asset Management Ltd has invested 0.1% of its portfolio in Ryerson Holding Corp (NYSE:RYI). Renaissance Tech Ltd Liability Company holds 344,300 shares or 0.01% of its portfolio. National Bank Of Montreal Can last reported 11,161 shares in the company. Eam Invsts Ltd Limited Liability Company last reported 0.33% of its portfolio in the stock. Manufacturers Life Ins Co The owns 7,672 shares or 0% of their US portfolio. Ny State Common Retirement Fund holds 0% or 10,000 shares in its portfolio. Pdts Ptnrs Ltd Llc has 80,356 shares for 0.11% of their US portfolio.
Insider Transactions: Since August 12, 2016, the stock had 7 insider buys, and 0 insider sales for $187,056 net activity. CARRUTHERS COURT D also bought $12,425 worth of Ryerson Holding Corp (NYSE:RYI) on Wednesday, August 17. 7,060 shares were bought by Lehner Edward J., worth $84,693 on Friday, August 12. Burbach Michael also bought $36,120 worth of Ryerson Holding Corp (NYSE:RYI) shares. The insider Schnaufer Erich S bought $3,025. 1,050 shares with value of $12,705 were bought by Richardson Kevin D on Friday, September 2.
More notable recent Ryerson Holding Corp (NYSE:RYI) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on July 04, 2011, also Prnewswire.com with their article: “Ryerson Holding Corporation Announces Proposed Offering of Common Stock” published on July 18, 2016, Reuters.com published: “BRIEF-Ryerson Holding Corp entered into amendment no. 1 to credit agreemen…” on November 17, 2016. More interesting news about Ryerson Holding Corp (NYSE:RYI) were released by: Prnewswire.com and their article: “Ryerson Amends Credit Facility, Reducing Interest Rate and Extending Maturity” published on November 17, 2016 as well as Nasdaq.com‘s news article titled: “Ryerson Holding Corp. Earnings Rise 54% In Q3” with publication date: November 02, 2016.
RYI Company Profile
Ryerson Holding Corporation (Ryerson Holding), incorporated on July 16, 2007, is a service center firm for carbon and stainless steel, as well as aluminum. The Firm operates through metals service centers segment. The Firm processes and distributes a full line of over 70,000 products in stainless steel, aluminum, carbon steel and alloy steels, and a limited line of nickel and red metals in various shapes and forms. It operates in the 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. It owns, leases or contracts a fleet of tractors and trailers.
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