Ryerson Holding Corp. (NYSE:RYI) – KeyCorp decreased their Q4 2016 earnings estimates for Ryerson Holding Corp. in a research note issued to investors on Wednesday. KeyCorp analyst P. Gibbs now anticipates that the brokerage will earn ($0.10) per share for the quarter, down from their previous forecast of $0.09. KeyCorp also issued estimates for Ryerson Holding Corp.’s FY2017 earnings at $1.05 EPS.

RYI has been the subject of a number of other reports. Deutsche Bank AG upgraded shares of Ryerson Holding Corp. from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, November 9th. Jefferies Group cut their price objective on shares of Ryerson Holding Corp. from $14.50 to $12.00 and set a “hold” rating for the company in a research report on Thursday, September 15th. Zacks Investment Research upgraded shares of Ryerson Holding Corp. from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Wednesday, October 12th. BMO Capital Markets raised their price objective on shares of Ryerson Holding Corp. from $10.00 to $13.00 and gave the company a “market perform” rating in a research report on Thursday, August 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ryerson Holding Corp. from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.60.

Earnings History and Estimates for Ryerson Holding Corp. (NYSE:RYI)

Shares of Ryerson Holding Corp. (NYSE:RYI) opened at 12.60 on Monday. Ryerson Holding Corp. has a 1-year low of $2.53 and a 1-year high of $19.71. The stock has a 50 day moving average of $10.11 and a 200-day moving average of $12.58. The company has a market capitalization of $467.86 million, a price-to-earnings ratio of 61.17 and a beta of 2.27.

Ryerson Holding Corp. (NYSE:RYI) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.06. Ryerson Holding Corp. had a net margin of 0.24% and a negative return on equity of 20.28%. The firm earned $735.10 million during the quarter, compared to the consensus estimate of $765.42 million. During the same period in the prior year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year.

A number of large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP increased its stake in shares of Ryerson Holding Corp. by 3.4% in the second quarter. GSA Capital Partners LLP now owns 129,011 shares of the company’s stock worth $2,258,000 after buying an additional 4,243 shares in the last quarter. EAM Investors LLC bought a new stake in shares of Ryerson Holding Corp. during the second quarter worth $2,213,000. Emerald Acquisition Ltd. bought a new stake in shares of Ryerson Holding Corp. during the second quarter worth $117,000. Bank of New York Mellon Corp increased its stake in shares of Ryerson Holding Corp. by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 108,314 shares of the company’s stock worth $1,896,000 after buying an additional 426 shares in the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of Ryerson Holding Corp. during the second quarter worth $1,024,000. 30.46% of the stock is currently owned by institutional investors and hedge funds.

Ryerson Holding Corp. Company Profile

Ryerson Holding Corporation (Ryerson Holding) is a service center company for carbon and stainless steel, as well as aluminum. The Company 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.

5 Day Chart for NYSE:RYI

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