Ryerson Holdings Receives a Hold from BMO Capital

By Jason Carr

In a report released today, Joel Tiss from BMO Capital reiterated a Hold rating on Ryerson Holdings (NYSE: RYI), with a price target of $13. The company’s shares closed yesterday at $12.20.

According to TipRanks.com, Tiss is a 4-star analyst with an average return of 10.3% and a 66.0% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, The Middleby Corp, and Parker Hannifin.

Currently, the analyst consensus on Ryerson Holdings is Hold and the average price target is $13, representing a 6.6% upside.

In a report issued on April 18, Jefferies also reiterated a Hold rating on the stock with a $13 price target.

Ryerson Holdings’ market cap is currently $443.7M and has a P/E ratio of 20.68. The company has a book value ratio of -8.9177.

Based on the recent corporate insider activity of 23 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. Last month, Schnaufer Erich S, the Interim CFO and Chief Accounting Officer of RYI bought 600 shares for a total of $6,630.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ryerson Holding Corp. operates as a holding company, which through its subsidiaries engages in the processing and distribution of 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 company serves end-markets including oil and gas, industrial equipment, transportation equipment, heavy equipment and electrical machinery. It 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. Ryerson Holding was founded on July 24, 2007 and is headquartered in Chicago, IL.