Ryerson (NYSE:RYI) Stock Rating Upgraded by Zacks Research

Ryerson (NYSE:RYI) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Ryerson in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ryerson currently has an average rating of “Reduce” and a consensus target price of $25.00.

Ryerson Trading Up 3.8%

Shares of Ryerson stock opened at $27.50 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.98. The stock has a market capitalization of $885.74 million, a P/E ratio of -38.73 and a beta of 1.59. Ryerson has a 52-week low of $17.18 and a 52-week high of $27.73. The stock’s 50-day simple moving average is $23.43 and its 200 day simple moving average is $22.85.

Ryerson (NYSE:RYI) last posted its earnings results on Tuesday, October 28th. The basic materials company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.49). The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Ryerson had a negative return on equity of 2.73% and a negative net margin of 0.51%.Ryerson has set its Q4 2025 guidance at -0.280–0.220 EPS. As a group, research analysts anticipate that Ryerson will post 1.2 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RYI. SummerHaven Investment Management LLC grew its position in shares of Ryerson by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 42,719 shares of the basic materials company’s stock valued at $921,000 after purchasing an additional 629 shares in the last quarter. CWM LLC raised its position in shares of Ryerson by 97.7% in the second quarter. CWM LLC now owns 1,866 shares of the basic materials company’s stock worth $40,000 after buying an additional 922 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Ryerson by 12.9% during the second quarter. Harbor Capital Advisors Inc. now owns 10,199 shares of the basic materials company’s stock valued at $220,000 after buying an additional 1,164 shares during the period. Virtus Investment Advisers LLC grew its position in Ryerson by 16.5% during the second quarter. Virtus Investment Advisers LLC now owns 8,940 shares of the basic materials company’s stock worth $193,000 after buying an additional 1,269 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Ryerson during the third quarter worth about $30,000. 94.81% of the stock is owned by institutional investors.

About Ryerson

Ryerson, Inc is a North American metals distributor and processor serving a broad range of industrial and manufacturing end markets. Headquartered in Chicago, Illinois, the company supplies carbon steels, stainless alloys, aluminum, brass and copper products to customers across the United States, Canada and Mexico. Through its extensive branch network, Ryerson provides just-in-time delivery and comprehensive inventory management solutions to support complex production schedules and tight lead-time requirements.

In addition to raw material distribution, Ryerson offers a suite of value-added processing services, including laser and plasma cutting, plate burning, sawing, shearing, forming, drilling and welding.