Reliance Steel & Aluminum Co. (NYSE:RS) has earned a consensus rating of “Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $83.00.
A number of analysts recently weighed in on RS shares. ValuEngine upgraded shares of Reliance Steel & Aluminum from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Monday, October 16th. Cowen reiterated a “buy” rating and set a $92.00 price target on shares of Reliance Steel & Aluminum in a research note on Friday, November 3rd. KeyCorp set a $95.00 price target on shares of Reliance Steel & Aluminum and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Jefferies Group reiterated a “hold” rating and set a $72.00 price target on shares of Reliance Steel & Aluminum in a research note on Friday, October 6th.
Shares of Reliance Steel & Aluminum (NYSE:RS) traded up $0.20 during trading on Friday, hitting $91.17. 317,400 shares of the stock traded hands, compared to its average volume of 423,908. Reliance Steel & Aluminum has a fifty-two week low of $68.46 and a fifty-two week high of $92.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.79 and a current ratio of 4.06. The firm has a market cap of $6,650.00, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.55 and a beta of 1.29.
Reliance Steel & Aluminum (NYSE:RS) last issued its earnings results on Thursday, October 26th. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.11. Reliance Steel & Aluminum had a net margin of 3.97% and a return on equity of 8.61%. The business had revenue of $2.45 billion during the quarter. During the same quarter in the previous year, the company posted $1.25 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. analysts expect that Reliance Steel & Aluminum will post 5.22 earnings per share for the current year.
In other Reliance Steel & Aluminum news, SVP William A. Smith II sold 1,123 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $82.69, for a total transaction of $92,860.87. Following the completion of the transaction, the senior vice president now owns 15,320 shares in the company, valued at approximately $1,266,810.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.73% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in RS. Victory Capital Management Inc. increased its holdings in shares of Reliance Steel & Aluminum by 26.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,430,812 shares of the industrial products company’s stock valued at $261,326,000 after purchasing an additional 711,994 shares in the last quarter. Koch Industries Inc. acquired a new stake in Reliance Steel & Aluminum in the 2nd quarter valued at about $393,000. FMR LLC grew its stake in Reliance Steel & Aluminum by 820.5% in the 2nd quarter. FMR LLC now owns 433,536 shares of the industrial products company’s stock valued at $31,566,000 after acquiring an additional 386,436 shares during the last quarter. Third Avenue Management LLC acquired a new stake in Reliance Steel & Aluminum in the 2nd quarter valued at about $22,914,000. Finally, BlackRock Inc. grew its stake in Reliance Steel & Aluminum by 4.2% in the 2nd quarter. BlackRock Inc. now owns 6,959,142 shares of the industrial products company’s stock valued at $506,694,000 after acquiring an additional 277,846 shares during the last quarter. Institutional investors and hedge funds own 82.30% of the company’s stock.
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Reliance Steel & Aluminum Company Profile
Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).
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