Press coverage about Ryerson (NYSE:RYI) has been trending somewhat negative recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ryerson earned a daily sentiment score of -0.02 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 46.4056626244126 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
Several research firms have commented on RYI. ValuEngine lowered Ryerson from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 4th. Deutsche Bank cut their price objective on Ryerson from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, March 29th. Zacks Investment Research raised Ryerson from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Jefferies Group reissued a “hold” rating and issued a $10.25 price objective on shares of Ryerson in a research report on Tuesday, March 6th. Finally, TheStreet raised Ryerson from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.69.
NYSE:RYI opened at $9.75 on Wednesday. The company has a debt-to-equity ratio of -138.43, a quick ratio of 1.21 and a current ratio of 2.74. Ryerson has a 12 month low of $7.65 and a 12 month high of $14.65. The stock has a market capitalization of $351.62, a price-to-earnings ratio of 26.35 and a beta of 1.89.
Ryerson (NYSE:RYI) last announced its earnings results on Monday, March 5th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.15). Ryerson had a negative return on equity of 71.60% and a net margin of 0.51%. The business had revenue of $810.00 million for the quarter, compared to analysts’ expectations of $810.20 million. During the same period in the previous year, the firm posted ($0.19) earnings per share. The firm’s revenue was up 18.8% compared to the same quarter last year. equities research analysts anticipate that Ryerson will post 1.33 EPS for the current fiscal year.
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Ryerson Company Profile
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural products, and tubing.
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