JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Reliance (NYSE:RS) Stock

Reliance (NYSE:RS) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $330.00 to $340.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 6.22% from the company’s previous close.

RS has been the subject of a number of other research reports. Wall Street Zen raised shares of Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. KeyCorp started coverage on shares of Reliance in a report on Wednesday, March 25th. They set an “overweight” rating and a $341.00 target price for the company. The Goldman Sachs Group started coverage on shares of Reliance in a report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 target price for the company. Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Reliance presently has a consensus rating of “Hold” and an average target price of $326.20.

Reliance Stock Performance

RS stock opened at $320.10 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.88 and a quick ratio of 2.30. The company has a 50 day moving average price of $316.52 and a 200 day moving average price of $299.90. Reliance has a fifty-two week low of $260.31 and a fifty-two week high of $365.59. The stock has a market capitalization of $16.56 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 1.26 and a beta of 0.88.

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

Insiders Place Their Bets

In related news, COO Stephen Paul Koch sold 24,060 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the completion of the transaction, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. This represents a 63.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William A. Smith II sold 6,615 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $298.61, for a total value of $1,975,305.15. Following the transaction, the senior vice president owned 21,747 shares of the company’s stock, valued at approximately $6,493,871.67. This trade represents a 23.32% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Reliance

Large investors have recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC bought a new position in Reliance during the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. increased its holdings in Reliance by 86.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares in the last quarter. Greenline Wealth Management LLC bought a new position in Reliance during the 4th quarter worth about $32,000. Quarry LP bought a new position in Reliance during the 3rd quarter worth about $32,000. Finally, Guerra Advisors Inc bought a new position in Reliance during the 3rd quarter worth about $34,000. Institutional investors own 79.26% of the company’s stock.

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.