During the last session, Ryerson Holding Corporation (NYSE:RYI)’s traded shares were 0.61 million, with the beta value of the company hitting 1.55. At the end of the trading day, the stock’s price was $27.11, reflecting an intraday gain of 4.03% or $1.05. The 52-week high for the RYI share is $44.09, that puts it down -62.63 from that peak though still a striking 50.61% gain since the share price plummeted to a 52-week low of $13.39. The company’s market capitalization is $1.04B, and the average trade volume was 363.70K shares over the past three months.
Ryerson Holding Corporation (RYI) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. RYI has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $2.58.
Ryerson Holding Corporation (NYSE:RYI) trade information
Ryerson Holding Corporation (RYI) registered a 4.03% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.03% in intraday trading to $27.11 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -20.08%, and it has moved by -31.71% in 30 days. Based on these gigs, the overall price performance for the year is 65.91%.
The consensus price target of analysts on Wall Street is $20.00, which implies a decrease of -35.55% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20.00 and $20.00 respectively. As a result, RYI is trading at a premium of 26.23% off the target high and 26.23% off the low.
Ryerson Holding Corporation (RYI) estimates and forecasts
Statistics show that Ryerson Holding Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Ryerson Holding Corporation (RYI) shares have gone down -4.64% during the last six months, with a year-to-date growth rate more than the industry average at 39.41% against 0.40. In the rating firms’ projections, revenue will increase 54.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.25 billion as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $1.02 billion by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $853 million and $1.15 billion respectively. In this case, analysts expect current quarter sales to grow by 47.10% and then drop by -11.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 69.30%. While earnings are projected to return 537.10% in 2022, the next five years will return 0.31% per annum.
Ryerson Holding Corporation is due to release its next quarterly earnings between February 22 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Ryerson Holding Corporation is 0.50, with the dividend yield indicating at 1.84 percent, continuing the trend of increasing dividends in recent years.
Ryerson Holding Corporation (NYSE:RYI)’s Major holders
Ryerson Holding Corporation insiders own 3.00% of total outstanding shares while institutional holders control 92.77%, with the float percentage being 95.64%. Platinum Equity Advisors, LLC/DE is the largest shareholder of the company, while 164 institutions own stock in it. As of Sep 29, 2021, the company held over 21.04 million shares (or 54.79% of all shares), a total value of $468.51 million in shares.
The next largest institutional holding, with 1.88 million shares, is of Blackrock Inc.’s that is approximately 4.89% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $41.82 million.
Also, the Mutual Funds coming in first place with the largest holdings of Ryerson Holding Corporation (RYI) shares are Global X Fds-Global X U.S. Infrastructure Development ETF and Vanguard Total Stock Market Index Fund. Data provided on Nov 29, 2021 indicates that Global X Fds-Global X U.S. Infrastructure Development ETF owns about 0.92 million shares. This amounts to just over 2.39 percent of the company’s overall shares, with a $21.54 million market value. The same data shows that the other fund manager holds slightly less at 0.43 million, or about 1.13% of the stock, which is worth about $9.68 million.