In a report released today, Philip Gibbs from KeyBanc maintained a Hold rating on Ryerson Holdings (RYI – Research Report). The company’s shares closed yesterday at $22.03.
Gibbs covers the Basic Materials sector, focusing on stocks such as Materion, Universal Stainless & Alloy Products, and Commercial Metals Company. According to TipRanks, Gibbs has an average return of 21.3% and a 66.21% success rate on recommended stocks.
Currently, the analyst consensus on Ryerson Holdings is a Hold with an average price target of $28.00, implying a 27.10% upside from current levels. In a report released on May 1, BMO Capital also maintained a Hold rating on the stock with a $28.00 price target.
The company has a one-year high of $43.88 and a one-year low of $21.98. Currently, Ryerson Holdings has an average volume of 278.6K.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RYI in relation to earlier this year.
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Ryerson Holdings (RYI) Company Description:
Ryerson Holding Corp. engages in the processing and distribution of industrial metals. It processes and distributes 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 firm serves end-markets including oil and gas, industrial equipment, transportation equipment, heavy equipment and electrical machinery; and also offers 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. The company was founded on July 24, 2007 and is headquartered in Chicago, IL.
