News stories about Ryerson Holding Corp (NYSE:RYI) have been trending somewhat positive on Friday, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ryerson Holding Corp earned a media sentiment score of 0.08 on Alpha One’s scale. Alpha One also gave news headlines about the basic materials company an impact score of 16 out of 100, meaning that recent news coverage is very unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Alpha One Sentiment Analysis’s analysis:
- Ryerson Holding Corp (RYI) Moving -2.73% in Session – Melville Review (melvillereview.com)
- Ryerson Holding Corp (RYI) Downgraded to “Buy” at ValuEngine (americanbankingnews.com)
- Ryerson Holding Corporation (NYSE:RYI) Efficiency in Focus: A Look at the Numbers – Lenox Ledger (lenoxledger.com)
- Stock Performance Check on Shares of Ryerson Holding Corporation (NYSE:RYI) – Jonesboro Recorder (jonesbororecorder.com)
- Ryerson Holding Corporation (NYSE:RYI) Valuation Takes Center Stage – DARC News (darcnews.com)
A number of research firms recently weighed in on RYI. ValuEngine lowered shares of Ryerson Holding Corp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered shares of Ryerson Holding Corp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 14th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $13.00 price objective on shares of Ryerson Holding Corp in a research note on Thursday, April 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.33.
Ryerson Holding Corp (NYSE:RYI) last released its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $814.50 million for the quarter, compared to the consensus estimate of $788.38 million.
In other Ryerson Holding Corp news, Director Stephen P. Larson purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, March 28th. The shares were acquired at an average cost of $10.76 per share, for a total transaction of $107,600.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $215,200. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Edward J. Lehner purchased 3,940 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was acquired at an average price of $9.78 per share, for a total transaction of $38,533.20. Following the completion of the transaction, the chief executive officer now directly owns 107,470 shares of the company’s stock, valued at approximately $1,051,056.60. The disclosure for this purchase can be found here. Insiders acquired 23,540 shares of company stock worth $246,393 over the last quarter. Insiders own 0.90% of the company’s stock.
Ryerson Holding Corp Company Profile
Ryerson Holding Corporation is a service center company for carbon and stainless steel, as well as aluminum. The Company operates through 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.
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