Reliance, Inc. (NYSE:RS) Receives $323.50 Consensus Price Target from Analysts

Key Points

• Reliance, Inc. has received a consensus recommendation of "Hold" from six analysts, with an average price target of $323.50.
• The company's latest quarterly earnings reported an EPS of $4.43, missing estimates by $0.29, while revenue remained steady at $3.66 billion.
• Reliance recently announced a $1.20 quarterly dividend, representing an annualized yield of 1.6% and a payout ratio of 35.04%.

Reliance, Inc. (NYSE:RS - Get Free Report) has been given a consensus rating of "Hold" by the seven research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $328.80.

A number of analysts have recently issued reports on the company. Wells Fargo & Company upgraded Reliance to a "hold" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. assumed coverage on Reliance in a research report on Tuesday. They set an "overweight" rating and a $350.00 price objective on the stock. Finally, Zacks Research cut Reliance from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th.

Institutional Trading of Reliance

Large investors have recently bought and sold shares of the stock. TCTC Holdings LLC grew its position in Reliance by 138.9% in the first quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 50 shares during the period. Private Trust Co. NA grew its position in Reliance by 417.6% in the second quarter. Private Trust Co. NA now owns 88 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 71 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Reliance in the first quarter valued at $29,000. Wayfinding Financial LLC bought a new stake in Reliance in the first quarter valued at $30,000. Finally, Allworth Financial LP grew its position in Reliance by 46.3% in the second quarter. Allworth Financial LP now owns 139 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 44 shares during the period. 79.26% of the stock is currently owned by institutional investors.

Reliance Stock Performance

Shares of RS traded down $6.22 on Friday, reaching $290.61. 227,307 shares of the stock traded hands, compared to its average volume of 267,833. The firm has a market cap of $15.28 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.41 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.18 and a quick ratio of 1.51. Reliance has a 12 month low of $250.07 and a 12 month high of $347.43. The stock's 50-day moving average price is $302.06 and its 200-day moving average price is $296.43.

Reliance (NYSE:RS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.72 by ($0.29). The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.65 earnings per share. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Equities analysts forecast that Reliance will post 16.98 EPS for the current fiscal year.

Reliance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $1.20 per share. The ex-dividend date was Friday, August 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. Reliance's payout ratio is currently 35.04%.

Reliance Company Profile

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.