Jefferies Maintains Ryerson Holding Corp to Hold with Price Target $14.50

Brokerage firm Jefferies Maintains its rating on Ryerson Holding Corp(NYSE:RYI). In a research note issued to the investors, the brokerage major Raises the price-target to $14.50 per share. The shares have been rated Hold. The rating by Jefferies was issued on Jun 10, 2016.

In a different note, On Apr 19, 2016, JP Morgan said it Maintains its rating on Ryerson Holding Corp. In the research note, the firm Raises the price-target to $5.00 per share. The shares have been rated ‘Neutral’ by the firm.

Ryerson Holding Corp (RYI) made into the market gainers list on Wednesdays trading session with the shares advancing 4.77% or 0.68 points. Due to strong positive momentum, the stock ended at $14.94, which is also near the day’s high of $15.2158. The stock began the session at $14.33 and the volume stood at 2,87,270 shares. The 52-week high of the shares is $15.95 and the 52 week low is $2.53. The company has a current market capitalization of $480 M and it has 3,20,99,700 shares in outstanding.

Ryerson Holding Corp(RYI) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $702.60M. Analysts had an estimated revenue of $723.25M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.03.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, Court D Carruthers (director) purchased 1,000 shares at $12.35 per share price.Also, On Apr 7, 2016, Stephen P. Larson (director) purchased 10,000 shares at $5.44 per share price.On Apr 5, 2016, Edward J. Lehner (CEO) purchased 2,000 shares at $5.27 per share price, according to the Form-4 filing with the securities and exchange commission.

Ryerson Holding Corporation (Ryerson Holding) is a service center company for carbon and stainless steel as well as aluminum. The Company process and distribute a full line of over 70000 products in stainless steel aluminum carbon steel and alloy steels and a limited line of nickel and red metals in various shapes and forms. The Company’s operations cover a range of industries including industrial equipment manufacturing industrial fabrication electrical machinery production transportation equipment manufacturing heavy equipment manufacturing and oil and gas. The Company is a processor and distributor of metals with operations located in North America China and Brazil. It operates over 90 facilities across North America six facilities in China and one facility in Brazil.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *