Stock Rating Upgrade
The Value Trend Rating for Ryerson Holding Corp (NYSE: RYI) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 9/13/24, Ryerson Holding Corp (NYSE: RYI) stock enjoyed a very large increase of 5.0%, closing at $18.94. However, this advance was accompanied by below average trading volume at 75% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 4.4% during the last week.
Current PriceTarget Research Rating
RYI is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ryerson Holding has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Ryerson Holding has a good Appreciation Score of 82 but a very low Power Rating of 5, and the Low Neutral Value Trend Rating results.
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