Reliance, Inc. (NYSE:RS) Receives $328.80 Consensus Price Target from Analysts

Reliance, Inc. (NYSE:RS) has received an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $328.80.

RS has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Reliance in a research report on Saturday, September 27th. Zacks Research lowered shares of Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Wells Fargo & Company upgraded shares of Reliance to a “hold” rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. started coverage on shares of Reliance in a report on Tuesday, September 9th. They issued an “overweight” rating and a $350.00 target price on the stock.

Reliance Stock Performance

RS opened at $283.48 on Thursday. The firm has a market capitalization of $14.91 billion, a PE ratio of 20.69, a PEG ratio of 1.35 and a beta of 0.87. Reliance has a twelve month low of $250.07 and a twelve month high of $347.43. The firm’s 50-day moving average price is $289.24 and its 200 day moving average price is $296.50. The company has a current ratio of 3.18, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14.

Reliance (NYSE:RS) last posted its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.29). The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.66 billion. Reliance had a return on equity of 10.48% and a net margin of 5.39%.The business’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.65 earnings per share. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, sell-side analysts expect that Reliance will post 16.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 15th. Reliance’s payout ratio is presently 35.04%.

Hedge Funds Weigh In On Reliance

Institutional investors and hedge funds have recently bought and sold shares of the company. TCTC Holdings LLC boosted its holdings in Reliance by 138.9% in the 1st quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Reliance by 417.6% in the 2nd quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 71 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of Reliance in the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC purchased a new stake in shares of Reliance in the 1st quarter valued at approximately $30,000. Finally, Allworth Financial LP raised its stake in shares of Reliance by 46.3% in the 2nd quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 44 shares during the period. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Company Profile

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.