JPMorgan Chase & Co. Increases Reliance (NYSE:RS) Price Target to $345.00

Reliance (NYSE:RS) had its price target raised by analysts at JPMorgan Chase & Co. from $340.00 to $345.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 2.02% from the stock’s previous close.

Several other equities research analysts have also commented on RS. Bank of America boosted their target price on shares of Reliance from $340.00 to $355.00 and gave the stock a “neutral” rating in a research report on Thursday. The Goldman Sachs Group initiated coverage on shares of Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 target price on the stock. KeyCorp initiated coverage on shares of Reliance in a research report on Wednesday, March 25th. They set an “overweight” rating and a $341.00 target price on the stock. Zacks Research upgraded shares of Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Finally, BMO Capital Markets lowered shares of Reliance from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $340.00 to $320.00 in a research report on Friday, February 20th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $331.83.

Reliance Price Performance

Shares of NYSE RS opened at $352.13 on Friday. The firm has a market capitalization of $18.22 billion, a P/E ratio of 22.97, a PEG ratio of 1.31 and a beta of 0.88. Reliance has a one year low of $260.31 and a one year high of $365.59. The company’s fifty day moving average is $314.55 and its two-hundred day moving average is $302.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 4.39.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.63 by $0.53. The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The business’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Analysts forecast that Reliance will post 17.65 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its stake in Reliance by 27.6% in the 1st quarter. Root Financial Partners LLC now owns 185 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 40 shares during the last quarter. MQS Management LLC acquired a new position in Reliance in the 1st quarter valued at about $576,000. Pictet Asset Management Holding SA raised its stake in Reliance by 135.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 50,052 shares of the industrial products company’s stock valued at $15,211,000 after purchasing an additional 28,793 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Reliance by 0.9% in the 1st quarter. Venturi Wealth Management LLC now owns 3,979 shares of the industrial products company’s stock valued at $1,209,000 after purchasing an additional 34 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in Reliance in the 1st quarter valued at about $4,620,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance News Roundup

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Q1 results topped expectations — EPS $5.16 vs. consensus $4.63 and revenue $4.03B vs. $3.89B; management said stronger pricing and broad demand across end markets drove the beat. This is the main catalyst lifting the stock. RS’ Q1 Earnings and Sales Surpass Estimates on Higher Prices
• Positive Sentiment: Q2 guidance raised — Reliance provided EPS guidance of $5.15–$5.35 for Q2 versus the prior consensus ~$5.00, implying continued price/mix strength into the next quarter (supports near-term earnings visibility). Reliance (RS) Q1 Earnings and Revenues Beat Estimates
• Positive Sentiment: Dividend declared — Reliance announced a $1.25 quarterly dividend (record May 22, payable June 5), returning cash to shareholders and supporting income-focused demand. (Yield ~1.4% annualized.)
• Neutral Sentiment: Analyst target updates — Bank of America raised its target to $355 (neutral rating) and JPMorgan raised its target to $345 (neutral). Both moves acknowledge earnings strength but keep a neutral stance, so they are unlikely to materially change sentiment alone. Benzinga TickerReport
• Neutral Sentiment: Transcripts and coverage available — The Q1 earnings and conference call transcripts are published (useful for detail on demand trends, pricing and margin outlook). Earnings Call Transcript Yahoo Markets
• Neutral Sentiment: Be aware of unrelated coverage — some headlines in the feed reference Reliance Industries (RIL), an unrelated Indian company; these items are not material to NYSE:RS. GoodReturns (RIL) FinancialExpress (RIL)

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.