Stock Rating Upgrade
The Value Trend Rating for Ryerson Holding Corp (NYSE: RYI) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/26/24, Ryerson Holding Corp (NYSE: RYI) stock declined modestly by -1.3%, closing at $30.66. However, trading volume in this decline was unusually low at 65% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RYI is expected to continue to be a Value Builder.
Ryerson Holding has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ryerson Holding has a neutral Power Rating of 57 but a good Appreciation Score of 76, with the Positive Value Trend Rating the result.
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