Wall Street Zen Upgrades Ryerson (NYSE:RYZ) to Buy

Ryerson (NYSE:RYZGet Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued reports about the company. Zacks Research downgraded Ryerson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ryerson in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Ryerson currently has an average rating of “Sell”.

Read Our Latest Analysis on Ryerson

Ryerson Trading Down 0.4%

Shares of RYZ stock opened at $27.69 on Friday. Ryerson has a 12-month low of $19.34 and a 12-month high of $32.00. The company has a quick ratio of 1.04, a current ratio of 2.21 and a debt-to-equity ratio of 0.73. The stock has a 50 day moving average of $27.80. The stock has a market capitalization of $1.44 billion, a PE ratio of -22.33 and a beta of 1.65.

Ryerson (NYSE:RYZGet Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.12. The business had revenue of $2.01 billion during the quarter. Ryerson had a negative net margin of 0.56% and a negative return on equity of 0.62%. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. As a group, equities analysts predict that Ryerson will post 1.1 earnings per share for the current year.

Insider Activity at Ryerson

In other news, CAO Molly D. Kannan sold 3,000 shares of Ryerson stock in a transaction on Friday, May 29th. The shares were sold at an average price of $28.42, for a total transaction of $85,260.00. Following the transaction, the chief accounting officer owned 25,636 shares in the company, valued at $728,575.12. This trade represents a 10.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark S. Silver sold 11,174 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $27.91, for a total transaction of $311,866.34. Following the sale, the executive vice president directly owned 120,181 shares of the company’s stock, valued at approximately $3,354,251.71. The trade was a 8.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,174 shares of company stock worth $508,576 over the last quarter. Insiders own 6.58% of the company’s stock.

About Ryerson

(Get Free Report)

Ryerson (NYSE: RYZ) is a U.S.-based metals distributor and processor that supplies a broad range of metal products and value-added services to industrial customers. Its product mix typically includes carbon steel, stainless steel, aluminum and specialty alloys in forms such as sheets, plate, bar, tubing and structural shapes. The company focuses on meeting the material needs of manufacturers, fabricators and other industrial end markets.

Beyond distribution, Ryerson offers processing and finishing services designed to prepare metal for downstream manufacturing.

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