Reliance (NYSE:RS) Price Target Raised to $355.00 at Bank of America

Reliance (NYSE:RS) had its price objective lifted by equities research analysts at Bank of America from $340.00 to $355.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Bank of America‘s target price would suggest a potential upside of 1.25% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. The Goldman Sachs Group started coverage on Reliance in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 target price on the stock. KeyCorp initiated coverage on Reliance in a research note on Wednesday, March 25th. They set an “overweight” rating and a $341.00 price objective on the stock. Wall Street Zen upgraded Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. BMO Capital Markets cut Reliance from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $340.00 to $320.00 in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on Reliance from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $331.00.

Reliance Trading Up 4.3%

NYSE RS opened at $350.60 on Thursday. The stock has a market capitalization of $18.14 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.27 and a beta of 0.88. The stock’s 50 day moving average price is $314.61 and its two-hundred day moving average price is $301.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. Reliance has a 52 week low of $260.31 and a 52 week high of $365.59.

Reliance (NYSE:RS) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.63 by $0.53. The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Reliance had a return on equity of 10.45% and a net margin of 5.17%.The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, analysts anticipate that Reliance will post 17.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Stephen Paul Koch sold 24,060 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the transaction, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. The trade was a 63.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William A. Smith II sold 6,615 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $298.61, for a total value of $1,975,305.15. Following the transaction, the senior vice president directly owned 21,747 shares in the company, valued at $6,493,871.67. The trade was a 23.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RS. Elevation Wealth Partners LLC acquired a new position in shares of Reliance during the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. grew its holdings in Reliance by 86.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after buying an additional 50 shares in the last quarter. Greenline Wealth Management LLC acquired a new position in Reliance in the 4th quarter valued at $32,000. Quarry LP acquired a new position in Reliance in the 3rd quarter valued at $32,000. Finally, Guerra Advisors Inc acquired a new position in Reliance in the 3rd quarter valued at $34,000. 79.26% of the stock is owned by institutional investors and hedge funds.

More Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Q1 results beat expectations — Reliance reported $5.16 EPS vs. consensus $4.63 and revenue of $4.03B vs. $3.89B; revenue was up ~15.1% year-over-year, with a reported net margin of 5.17% and ROE of 10.45%. This is the primary near-term catalyst for the stock move. Reliance, Inc. Reports First Quarter 2026 Financial Results
• Positive Sentiment: Q2 guidance raised — Management set Q2 FY2026 EPS guidance at $5.15–$5.35, above the consensus ~$5.00 level, signaling continued momentum into the next quarter. Press Release / Guidance Detail
• Positive Sentiment: Dividend announced — Board declared a $1.25/share quarterly dividend (record May 22, payable June 5), supporting shareholder returns (annualized yield ~1.4%). This reduces uncertainty about capital allocation and can attract income-focused investors.
• Neutral Sentiment: Analyst and media coverage — Multiple outlets and analyst notes summarize the beat and metrics; these reports (Zacks, Seeking Alpha) reinforce the market’s interpretation but add little new fundamental information. Reliance (RS) Reports Q1 Earnings: What Key Metrics Have to Say
• Neutral Sentiment: Coverage highlighting drivers — Articles note stronger steel demand and pricing helped results; useful color for investors but already reflected in guidance/earnings. Reliance tops Q1 estimates as steel demand, pricing lift results
• Neutral Sentiment: Unrelated company headlines circulated — News about Reliance Power (CFO arrest, rally) and consumer telecom recharge plans are separate entities and not drivers for Reliance, Inc. (RS); monitor for any market confusion but treat as unrelated. Reliance Power CFO Arrested

Reliance Company Profile

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.