Reliance (NYSE:RS) Now Covered by Analysts at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group initiated coverage of Reliance (NYSE:RS) with a neutral rating and a $300 price target, implying about a 1.22% downside from the current share price.
• Consensus among analysts is a Hold (one Buy and six Holds) with an average target of $322.80, though individual targets range from KeyCorp's $341 (overweight) to BMO's $320 (market perform).
• Reliance missed quarterly EPS ($2.40 vs. $2.80 estimate) while revenue rose 11.9% year-over-year and management set Q1 2026 guidance of 4.50–4.70 EPS, and meanwhile senior executives executed sizable stock sales that materially reduced their ownership.

Analysts at The Goldman Sachs Group initiated coverage on shares of Reliance (NYSE:RS - Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a "neutral" rating and a $300.00 price target on the industrial products company's stock. The Goldman Sachs Group's price target suggests a potential downside of 1.22% from the company's current price.

A number of other research firms have also commented on RS. KeyCorp began coverage on shares of Reliance in a research report on Wednesday, March 25th. They set an "overweight" rating and a $341.00 price target for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Reliance in a research report on Monday, December 29th. BMO Capital Markets cut shares of Reliance from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $340.00 to $320.00 in a research note on Friday, February 20th. Wells Fargo & Company increased their price target on shares of Reliance from $315.00 to $323.00 and gave the stock an "equal weight" rating in a report on Monday, March 2nd. Finally, Wall Street Zen downgraded Reliance from a "buy" rating to a "hold" rating in a research report on Sunday, March 1st. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $322.80.

Reliance Price Performance

Shares of NYSE RS opened at $303.69 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. Reliance has a fifty-two week low of $250.07 and a fifty-two week high of $365.59. The stock has a market cap of $15.71 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 1.14 and a beta of 0.91. The stock has a fifty day moving average of $320.07 and a 200-day moving average of $297.77.

Reliance (NYSE:RS - Get Free Report) last issued its 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). The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.45 billion. Reliance had a return on equity of 10.45% and a net margin of 5.17%.The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.22 EPS. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Equities research analysts anticipate that Reliance will post 16.98 earnings per share for the current year.

Insider Transactions at Reliance

In related news, SVP William A. Smith II sold 6,615 shares of the firm's stock in a transaction that occurred on 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 owned 21,747 shares in the company, valued at approximately $6,493,871.67. This trade represents a 23.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Stephen Paul Koch sold 24,060 shares of the 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 transaction, the chief operating officer directly owned 14,021 shares in the company, valued at $4,509,434.02. The trade was a 63.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Reliance

A number of large investors have recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Reliance by 4.5% in the 4th quarter. State Street Corp now owns 2,715,764 shares of the industrial products company's stock worth $784,503,000 after purchasing an additional 118,009 shares during the period. Boston Partners boosted its holdings in shares of Reliance by 27.5% in the third quarter. Boston Partners now owns 2,247,603 shares of the industrial products company's stock worth $631,224,000 after buying an additional 484,286 shares during the last quarter. Wellington Management Group LLP grew its position in Reliance by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company's stock valued at $479,870,000 after buying an additional 343,598 shares during the period. Franklin Resources Inc. increased its holdings in Reliance by 4.8% during the third quarter. Franklin Resources Inc. now owns 1,142,551 shares of the industrial products company's stock valued at $320,863,000 after buying an additional 51,894 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Reliance by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 938,601 shares of the industrial products company's stock valued at $270,349,000 after buying an additional 2,549 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors.

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.

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