Reliance (NYSE:RS) Stock Rating Lowered by JPMorgan Chase & Co.

Reliance (NYSE:RS) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Friday, MarketBeat Ratings reports. They presently have a $330.00 price objective on the industrial products company’s stock, down from their previous price objective of $340.00. JPMorgan Chase & Co.‘s target price points to a potential upside of 3.49% from the company’s previous close.

Other analysts also recently issued reports about the company. BMO Capital Markets downgraded Reliance from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $340.00 to $320.00 in a research report on Friday. Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Wells Fargo & Company upped their price objective on shares of Reliance from $284.00 to $287.00 and gave the company an “equal weight” rating in a report on Friday, November 14th. KeyCorp reiterated an “overweight” rating on shares of Reliance in a research report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Reliance currently has an average rating of “Hold” and a consensus target price of $323.00.

Reliance Price Performance

Shares of NYSE:RS opened at $318.89 on Friday. The company’s 50-day moving average is $317.95 and its 200 day moving average is $295.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.08 and a current ratio of 4.88. The company has a market capitalization of $16.67 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. Reliance has a fifty-two week low of $250.07 and a fifty-two week high of $365.59.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Reliance had a return on equity of 10.45% and a net margin of 5.17%.The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $2.22 EPS. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. On average, equities research analysts forecast that Reliance will post 16.98 earnings per share for the current year.

Insider Activity

In related news, CEO Karla R. Lewis sold 5,809 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $283.50, for a total transaction of $1,646,851.50. Following the completion of the transaction, the chief executive officer owned 84,421 shares of the company’s stock, valued at approximately $23,933,353.50. The trade was a 6.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stephen Paul Koch sold 3,066 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $283.56, for a total transaction of $869,394.96. Following the sale, the chief operating officer directly owned 14,021 shares in the company, valued at $3,975,794.76. This trade represents a 17.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RS. Invesco Ltd. increased its holdings in shares of Reliance by 7.9% in the fourth quarter. Invesco Ltd. now owns 192,307 shares of the industrial products company’s stock worth $55,552,000 after purchasing an additional 14,135 shares during the period. Corient Private Wealth LLC grew its position in Reliance by 1,018.9% during the fourth quarter. Corient Private Wealth LLC now owns 341,827 shares of the industrial products company’s stock worth $98,744,000 after buying an additional 311,276 shares in the last quarter. Alpine Woods Capital Investors LLC increased its stake in Reliance by 7.1% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 8,987 shares of the industrial products company’s stock worth $2,596,000 after acquiring an additional 596 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in Reliance by 1.7% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company’s stock worth $588,000 after acquiring an additional 35 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Reliance in the 4th quarter valued at about $240,000. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Company raised quarterly dividend to $1.25 (up from $1.20), boosting yield and income appeal for dividend-focused investors; ex-dividend on March 6.
• Positive Sentiment: Management set Q1 2026 EPS guidance of $4.50–$4.70, signaling continued demand and providing a near-term earnings floor that could support the stock. Zacks: RS Q4 Earnings Miss
• Neutral Sentiment: Wells Fargo raised its price target to $315 and kept an “equal weight” rating — a technical boost to target consensus but not a bullish endorsement; their PT sits near the current price. Benzinga: Wells Fargo Coverage
• Neutral Sentiment: Recent media published the company’s Q4 earnings call transcript and analyst write-ups (Seeking Alpha, Yahoo/finance) — useful for investors digging into details but not immediate price catalysts by themselves. Seeking Alpha: Earnings Call Transcript Yahoo Finance: Transcript
• Neutral Sentiment: Press reports statewide that “Reliance” (major Indian group) plans a massive Rs 10 lakh crore AI investment; relevance to NYSE:RS (U.S. industrial products Reliance) is uncertain — likely limited direct near-term impact. BestMediaInfo: AI Investment
• Negative Sentiment: Q4 EPS missed consensus ($2.40 vs. $2.80 expected) despite ~12% revenue growth; the earnings shortfall is the primary near-term pressure on the stock. Zacks: RS Misses Q4
• Negative Sentiment: JPMorgan downgraded the stock from “overweight” to “neutral” and trimmed its target to $330 — a formal sell-side cooling that can reduce buy-side conviction and liquidity. Benzinga: JPMorgan Downgrade Finviz: Coverage Note
• Neutral Sentiment: Small third-party supplier/order headlines (e.g., Artson securing an order from “Reliance”) are reported but likely relate to the large Indian conglomerate and have unclear impact on NYSE:RS. Business Standard: Artson Order

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.