Wells Fargo & Company Boosts Reliance (NYSE:RS) Price Target to $323.00

Reliance (NYSE:RS) had its price target raised by analysts at Wells Fargo & Company from $315.00 to $323.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 2.87% from the company’s previous close.

A number of other equities research analysts have also recently commented on RS. KeyCorp restated an “overweight” rating on shares of Reliance in a research note on Wednesday, January 7th. Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. lowered Reliance from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $340.00 to $330.00 in a research note on Friday, February 20th. BMO Capital Markets downgraded Reliance from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $340.00 to $320.00 in a research note on Friday, February 20th. Finally, Wall Street Zen cut Reliance from a “buy” rating to a “hold” rating in a report on Sunday. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Reliance currently has a consensus rating of “Hold” and a consensus target price of $324.33.

Reliance Stock Down 2.7%

RS stock opened at $314.00 on Monday. Reliance has a fifty-two week low of $250.07 and a fifty-two week high of $365.59. The business’s 50-day moving average is $321.16 and its two-hundred day moving average is $296.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. The company has a market cap of $16.24 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 1.95 and a beta of 0.91.

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

Insider Activity

In other news, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 14,021 shares in the company, valued at approximately $4,509,434.02. This represents a 63.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Reliance

Several institutional investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC bought a new position in shares of Reliance during the 4th quarter valued at approximately $28,000. Brown Brothers Harriman & Co. lifted its position in Reliance by 86.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after buying an additional 50 shares during the last quarter. Greenline Wealth Management LLC purchased a new position in Reliance during the fourth quarter worth $32,000. Quarry LP purchased a new stake in shares of Reliance in the third quarter valued at $32,000. Finally, Guerra Advisors Inc purchased a new position in shares of Reliance during the 3rd quarter worth about $34,000. 79.26% of the stock is owned by institutional investors.

More Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Wells Fargo raised its price target from $315 to $323 and kept an “equal weight” rating — a modest vote of confidence that implies upside vs. the current market level. Wells Fargo price target raise
• Neutral Sentiment: AmericanBankingNews published a positive-leaning forecast mentioning Wells Fargo’s outlook, which may provide some near-term support but doesn’t change fundamentals. Wells Fargo forecast article
• Negative Sentiment: Zacks Research cut several near-term EPS estimates — notably Q1 2026 (to $4.61 from $4.74) and Q2 2026 (to $4.66 from $4.97) and trimmed some 2027 quarter forecasts — while keeping a “Hold” rating. These downgrades increase short-term earnings uncertainty and likely pressured the stock. Zacks Research note
• Negative Sentiment: Reliance’s most recent quarter showed an EPS miss (reported $2.40 vs. $2.80 expected) despite revenue growth; management set Q1 guidance of $4.50–4.70, but lingering misses amplify sensitivity to analyst revisions and could weigh on the stock. Quarterly results summary

Reliance Company Profile

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.