JPMorgan Chase & Co. Issues Pessimistic Forecast for Reliance (NYSE:RS) Stock Price

Reliance (NYSE:RS) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from $345.00 to $340.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 19.14% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company increased their price target on Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a research report on Friday, November 14th. BMO Capital Markets reduced their target price on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a report on Monday, December 1st. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $317.25.

Reliance Stock Performance

Shares of NYSE RS opened at $285.38 on Friday. The company has a market capitalization of $14.92 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.81 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.08 and a current ratio of 4.43. The company’s fifty day moving average price is $277.15 and its 200 day moving average price is $293.55. Reliance has a 1 year low of $250.07 and a 1 year high of $347.43.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). Reliance had a return on equity of 10.37% and a net margin of 5.23%.The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the company posted $3.64 EPS. The company’s revenue was up 6.8% on a year-over-year basis. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. On average, research analysts predict that Reliance will post 16.98 earnings per share for the current year.

Insider Buying and Selling at Reliance

In other news, CEO Karla R. Lewis sold 5,809 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $283.50, for a total value of $1,646,851.50. Following the transaction, the chief executive officer directly owned 84,421 shares of the company’s stock, valued at approximately $23,933,353.50. This trade represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Stephen Paul Koch sold 3,066 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $283.56, for a total transaction of $869,394.96. Following the transaction, the chief operating officer owned 14,021 shares in the company, valued at $3,975,794.76. The trade was a 17.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Reliance

A number of institutional investors have recently bought and sold shares of RS. IFP Advisors Inc grew its stake in shares of Reliance by 10.7% in the 2nd quarter. IFP Advisors Inc now owns 340 shares of the industrial products company’s stock valued at $112,000 after buying an additional 33 shares during the period. HB Wealth Management LLC grew its position in Reliance by 2.6% in the second quarter. HB Wealth Management LLC now owns 1,338 shares of the industrial products company’s stock worth $420,000 after acquiring an additional 34 shares during the period. Masso Torrence Wealth Management Inc. increased its stake in Reliance by 3.3% during the third quarter. Masso Torrence Wealth Management Inc. now owns 1,148 shares of the industrial products company’s stock worth $322,000 after acquiring an additional 37 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Reliance by 13.2% during the third quarter. Farther Finance Advisors LLC now owns 325 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 38 shares during the last quarter. Finally, Choreo LLC raised its position in Reliance by 2.9% in the third quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock valued at $383,000 after purchasing an additional 39 shares during the period. 79.26% of the stock is owned by hedge funds and other institutional investors.

About Reliance

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.