The stock of Ryerson Holding Corp (NYSE:RYI) is a huge mover today! About 759,181 shares traded hands or 128.37% up from the average. Ryerson Holding Corp (NYSE:RYI) has risen 205.14% since February 29, 2016 and is uptrending. It has outperformed by 192.92% the S&P500.
The move comes after 8 months negative chart setup for the $374.55M company. It was reported on Oct, 4 by Barchart.com. We have $9.86 PT which if reached, will make NYSE:RYI worth $37.46 million less.
Analysts await Ryerson Holding Corp (NYSE:RYI) to report earnings on November, 10. They expect $0.43 earnings per share, up 95.45% or $0.21 from last year’s $0.22 per share. RYI’s profit will be $14.69 million for 6.37 P/E if the $0.43 EPS becomes a reality. After $0.52 actual earnings per share reported by Ryerson Holding Corp for the previous quarter, Wall Street now forecasts -17.31% 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. Jefferies maintained the shares of RYI in a report on Wednesday, September 16 with “Hold” rating. BMO Capital Markets maintained Ryerson Holding Corp (NYSE:RYI) rating on Thursday, August 11. BMO Capital Markets has “Market Perform” rating and $13 price target. As per Thursday, August 11, the company rating was maintained by JP Morgan. The firm has “Outperform” rating given on Friday, August 14 by BMO Capital Markets. Jefferies maintained it with “Hold” rating and $12 target price in Thursday, September 15 report. The stock has “Hold” rating given by Deutsche Bank on Monday, October 5. The firm has “Hold” rating given on Wednesday, January 13 by Jefferies. Jefferies downgraded it to “Hold” rating and $7.50 target price in Monday, August 24 report. JP Morgan maintained the shares of RYI in a report on Friday, March 11 with “Neutral” rating. The stock of Ryerson Holding Corp (NYSE:RYI) earned “Neutral” rating by JP Morgan on Tuesday, April 19.
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 2.1 in Q2 2016. Its up 0.52, from 1.58 in 2016Q1. The ratio increased, 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.
Manufacturers Life Insur Com The has 7,672 shares for 0% of their US portfolio. Blackrock Gru Ltd last reported 0% of its portfolio in the stock. Aqr Capital Management Ltd Liability has 115,749 shares for 0% of their US portfolio. Credit Suisse Ag has invested 0% of its portfolio in Ryerson Holding Corp (NYSE:RYI). Cornerstone Mgmt Hldgs Limited Liability has invested 0.01% of its portfolio in Ryerson Holding Corp (NYSE:RYI). Lucus Lc has 20,754 shares for 0.3% of their US portfolio. National Bank & Trust Of New York Mellon accumulated 108,314 shares or 0% of the stock. Teachers holds 18,416 shares or 0% of its portfolio. First Quadrant L P Ca owns 28,900 shares or 0.01% of their US portfolio. The New York-based Prtn Ltd has invested 0.11% in Ryerson Holding Corp (NYSE:RYI). Bancorp Of America Corp De has 0% invested in the company for 89,334 shares. Gilman Hill Asset Mngmt Ltd Limited Liability Company has 0.1% invested in the company for 14,448 shares. Vanguard Gp has 865,791 shares for 0% of their US portfolio. Globeflex Lp holds 153,480 shares or 0.74% of its portfolio. Towle & has invested 6.83% of its portfolio in Ryerson Holding Corp (NYSE:RYI).
Insider Transactions: Since April 4, 2016, the stock had 6 insider buys, and 0 selling transactions for $161,318 net activity. 250 shares were bought by Schnaufer Erich S, worth $3,025. 10,000 shares were bought by Larson Stephen P., worth $54,440. Lehner Edward J. also bought $10,540 worth of Ryerson Holding Corp (NYSE:RYI) on Monday, April 4. Another trade for 2,800 shares valued at $36,120 was made by Burbach Michael on Friday, August 12. CARRUTHERS COURT D had bought 1,000 shares worth $12,425 on Wednesday, August 17. $12,705 worth of shares were bought by Richardson Kevin D on Friday, September 2.
More important recent Ryerson Holding Corp (NYSE:RYI) news were published by: Prnewswire.com which released: “Ryerson Provides Third Quarter 2016 Guidance and Announces Conference Call to …” on September 30, 2016, also Prnewswire.com published article titled: “Ryerson Holding Corporation Announces Proposed Offering of Common Stock”, Nasdaq.com published: “Ryerson Holding Corp. Profit Declines 2% In Q2” on August 09, 2016. More interesting news about Ryerson Holding Corp (NYSE:RYI) was released by: Prnewswire.com and their article: “Ryerson Announces Redemption of 11 1/4 % Senior Notes Due 2018” with publication date: September 15, 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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