Reliance (NYSE:RS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Reliance (NYSE:RS) had its price target hoisted by analysts at Wells Fargo & Company from $372.00 to $398.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 2.46% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. Weiss Ratings raised shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Bank of America cut shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price target on the stock. in a research note on Thursday, April 30th. KeyCorp lifted their price objective on Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. The Goldman Sachs Group started coverage on Reliance in a report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective on the stock. Finally, BMO Capital Markets boosted their target price on shares of Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Reliance has an average rating of “Hold” and a consensus target price of $367.83.

Reliance Price Performance

NYSE RS opened at $408.04 on Thursday. The stock has a market cap of $20.83 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.22 and a beta of 0.97. Reliance has a 12 month low of $260.31 and a 12 month high of $419.83. The company’s 50 day moving average is $386.93 and its two-hundred day moving average is $347.45. The company has a current ratio of 4.30, a quick ratio of 2.24 and a debt-to-equity ratio of 0.22.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, topping the consensus estimate of $5.47 by $0.80. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the firm posted $4.43 EPS. Reliance’s quarterly revenue was up 26.5% compared to the same quarter last year. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, research analysts anticipate that Reliance will post 19.24 earnings per share for the current year.

Insider Transactions at Reliance

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the transaction, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This represents a 17.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Reliance

Several large investors have recently added to or reduced their stakes in the stock. Costello Asset Management INC bought a new position in Reliance in the 1st quarter worth about $30,000. Brown Brothers Harriman & Co. raised its stake in shares of Reliance by 86.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 50 shares in the last quarter. Greenline Wealth Management LLC purchased a new stake in shares of Reliance in the 4th quarter worth $32,000. Quarry LP purchased a new position in shares of Reliance during the third quarter valued at $32,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Reliance by 87.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 55 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance reported Q2 earnings per share of $6.27, ahead of estimates and above management’s prior guidance, while revenue rose 26.5% year over year to $4.63 billion. Article Title
• Positive Sentiment: The company said record quarterly tons sold, stronger customer activity, and firm pricing supported results, with the U.S. border wall project contributing more than expected to earnings. Article Title
• Positive Sentiment: Management issued upbeat Q3 guidance of $6.40 to $6.60 per share, signaling continued momentum after the strong quarter. Article Title
• Neutral Sentiment: Wells Fargo raised its price target on Reliance to $398 from $372 but kept an “equal weight” rating, suggesting improved expectations without a major change in stance. Article Title
• Neutral Sentiment: The company also announced a quarterly dividend of $1.25 per share, reinforcing shareholder returns but not changing the core operating story. Article Title

About Reliance

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.