Reliance, Inc. (NYSE:RS) Stock Has Consensus Price Target of $400.29

Key Points

• Analyst sentiment is neutral: Ten analysts give Reliance a consensus “Hold” rating, with an average 12-month price target of $400.29.
• Quarterly results beat expectations: Reliance reported EPS of $8.02 versus the $6.83 consensus and revenue of $5.21 billion versus estimates of $4.74 billion; revenue rose 42.8% year over year.
• Reliance declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.2% yield.

Shares of Reliance, Inc. (NYSE:RS - Get Free Report) have earned a consensus rating of "Hold" from the ten analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $400.29.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Reliance from $400.00 to $420.00 and gave the stock a "neutral" rating in a report on Wednesday, October 28th. Weiss Ratings lowered shares of Reliance from a "buy (b)" rating to a "hold (c)" rating in a research note on Wednesday, October 28th. Wall Street Zen upgraded shares of Reliance from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 31st. Zacks Research raised Reliance from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. Finally, Barclays lifted their price target on Reliance from $420.00 to $445.00 and gave the stock an "equal weight" rating in a research report on Monday, October 26th.

Reliance Trading Down 6.5%

Shares of NYSE:RS opened at $413.42 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.12 and a quick ratio of 2.22. Reliance has a 1 year low of $263.12 and a 1 year high of $454.93. The firm has a market capitalization of $21.06 billion, a P/E ratio of 19.27, a P/E/G ratio of 0.91 and a beta of 0.95. The business's 50-day moving average is $404.39 and its 200 day moving average is $370.58.

Reliance (NYSE:RS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The industrial products company reported $8.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.83 by $1.19. Reliance had a net margin of 6.38% and a return on equity of 15.31%. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same period last year, the firm posted $3.64 EPS. Reliance's revenue for the quarter was up 42.8% compared to the same quarter last year. On average, research analysts predict that Reliance will post 25.68 earnings per share for the current fiscal year.

Reliance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 20th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 20th. Reliance's payout ratio is currently 23.31%.

Insiders Place Their Bets

In other Reliance news, COO Stephen Koch sold 8,334 shares of the business's stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $430.87, for a total transaction of $3,590,870.58. Following the transaction, the chief operating officer owned 8,209 shares in the company, valued at approximately $3,537,011.83. The trade was a 50.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Reliance

Large investors have recently made changes to their positions in the stock. PensionDanmark Pensionsforsikringsaktieselskab grew its stake in Reliance by 542.5% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 9,766 shares of the industrial products company's stock worth $3,649,000 after acquiring an additional 8,246 shares during the period. Cornerstone Capital Inc. purchased a new position in shares of Reliance in the 2nd quarter worth about $23,725,000. The Manufacturers Life Insurance Company purchased a new position in Reliance in the second quarter valued at approximately $8,808,000. Bank of America Corp DE raised its stake in shares of Reliance by 4.9% in the 1st quarter. Bank of America Corp DE now owns 263,191 shares of the industrial products company's stock valued at $79,989,000 after acquiring an additional 12,282 shares during the period. Finally, NewEdge Advisors LLC raised its position in Reliance by 189.2% in the second quarter. NewEdge Advisors LLC now owns 6,423 shares of the industrial products company's stock valued at $2,399,000 after purchasing an additional 4,202 shares during the period. Hedge funds and other institutional investors own 79.26% of the company's stock.

Reliance News Roundup

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks Research raised several future earnings forecasts, including FY2028 EPS to $19.13 from $18.09, and kept its “Strong-Buy” rating. Estimates also increased for Q2 and Q3 2027 and Q1 and Q3 2028, suggesting improved expectations across much of the forecast period. Reliance analyst coverage
• Positive Sentiment: Recent results provide additional support: Reliance reported quarterly EPS of $8.02, above the $6.83 consensus, while revenue also topped estimates and rose 42.8% year over year.
• Neutral Sentiment: Reports about Reliance Jio’s ₹15 unlimited 5G data pack concern Jio and its parent, Reliance Industries—not the U.S.-listed Reliance, Inc. (RS)—so they are not a direct business catalyst for RS. Jio data-pack article
• Negative Sentiment: Zacks lowered its Q2 2028 EPS estimate to $4.45 from $4.66, a counterpoint to its other upward revisions. Reliance analyst coverage

Reliance Company Profile

Reliance, Inc NYSE: RS is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.

The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.

Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.

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