Reliance Steel & Aluminum (NYSE:RS)‘s stock had its “buy” rating restated by research analysts at KeyCorp in a report issued on Thursday. They currently have a $84.00 price objective on the industrial products company’s stock. KeyCorp’s price target points to a potential upside of 3.45% from the company’s current price.

A number of other research analysts also recently issued reports on RS. Clarkson Capital restated a “buy” rating on shares of Reliance Steel & Aluminum in a research report on Wednesday, November 15th. ValuEngine upgraded shares of Reliance Steel & Aluminum from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Monday, October 16th. Jefferies Group restated a “hold” rating and issued a $72.00 price target on shares of Reliance Steel & Aluminum in a research report on Friday, October 6th. Finally, Macquarie began coverage on shares of Reliance Steel & Aluminum in a research report on Wednesday, September 6th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. Reliance Steel & Aluminum has an average rating of “Buy” and a consensus target price of $80.33.

Reliance Steel & Aluminum (NYSE RS) traded up $0.72 during trading on Thursday, hitting $81.20. 435,100 shares of the stock were exchanged, compared to its average volume of 494,126. 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 one year low of $68.46 and a one year high of $88.58. The company has a market cap of $5,920.00, a P/E ratio of 15.90, a P/E/G ratio of 1.72 and a beta of 1.29.

Reliance Steel & Aluminum (NYSE:RS) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $2.45 billion for the quarter. During the same quarter in the previous year, the business posted $1.25 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. equities analysts expect that Reliance Steel & Aluminum will post 5.21 EPS for the current year.

A number of large investors have recently modified their holdings of RS. Victory Capital Management Inc. lifted its position in 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 during the last quarter. Koch Industries Inc. bought a new stake in Reliance Steel & Aluminum in the 2nd quarter valued at about $393,000. FMR LLC lifted its position 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 purchasing an additional 386,436 shares during the last quarter. Third Avenue Management LLC bought a new stake in Reliance Steel & Aluminum in the 2nd quarter valued at about $22,914,000. Finally, Pioneer Investment Management Inc. bought a new stake in Reliance Steel & Aluminum in the 2nd quarter valued at about $22,470,000. Hedge funds and other institutional investors own 82.34% 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).

Analyst Recommendations for Reliance Steel & Aluminum (NYSE:RS)

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