Reliance Steel & Aluminum Co (RS) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Reliance Steel & Aluminum Co (NYSE:RS) have earned an average rating of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $83.00.
Several research firms have issued reports on RS. Longbow Research upgraded shares of Reliance Steel & Aluminum from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 7th. KeyCorp set a $95.00 price target on shares of Reliance Steel & Aluminum and gave the company a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research lowered shares of Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Bank of America set a $97.00 price target on shares of Reliance Steel & Aluminum and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, ValuEngine upgraded shares of Reliance Steel & Aluminum from a “hold” rating to a “buy” rating in a research report on Friday, December 1st.
In other news, SVP William A. Smith II sold 1,123 shares of the company’s stock in a transaction dated 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 directly owns 15,320 shares of the company’s stock, valued at $1,266,810.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.18% of the company’s stock.
Shares of Reliance Steel & Aluminum (NYSE:RS) opened at $85.18 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.79 and a current ratio of 4.06. Reliance Steel & Aluminum has a 1 year low of $68.46 and a 1 year high of $92.64. The stock has a market cap of $6,050.51, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.41 and a beta of 1.26.
Reliance Steel & Aluminum (NYSE:RS) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.16). Reliance Steel & Aluminum had a net margin of 3.97% and a return on equity of 8.61%. equities research analysts anticipate that Reliance Steel & Aluminum will post 5.22 EPS for the current year.
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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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