Reliance (NYSE:RS) Price Target Raised to $340.00

Key Points

• JPMorgan raised its price target on Reliance to $340 from $330 and kept a "neutral" rating, implying about a 4.36% upside from the recent share price (~$325.80).
• Reliance missed quarterly EPS at $2.40 versus $2.80 expected, though revenue grew 11.9% YoY to $3.50 billion, and the company set Q1 2026 guidance of EPS $4.50–$4.70 with analysts forecasting roughly $16.98 for the fiscal year.
• There has been notable insider selling—SVP William A. Smith II and COO Stephen P. Koch sold large blocks—leaving insiders with just 0.35% ownership, while institutional investors hold about 79.26% of the stock.

Reliance (NYSE:RS - Get Free Report) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $330.00 to $340.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 4.36% from the company's current price.

RS has been the subject of a number of other research reports. KeyCorp assumed coverage on Reliance in a research report on Wednesday, March 25th. They issued an "overweight" rating and a $341.00 price target for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Reliance in a research note on Monday, December 29th. Zacks Research raised Reliance from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 3rd. BMO Capital Markets lowered Reliance from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $340.00 to $320.00 in a research note on Friday, February 20th. Finally, Wells Fargo & Company upped their price objective on Reliance from $315.00 to $323.00 and gave the stock an "equal weight" rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $324.80.

Reliance Stock Performance

RS traded up $1.43 during midday trading on Tuesday, reaching $325.80. The company had a trading volume of 50,705 shares, compared to its average volume of 351,980. The company has a quick ratio of 2.30, a current ratio of 4.88 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average of $317.30 and a two-hundred day moving average of $299.48. The company has a market cap of $16.85 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.25 and a beta of 0.88. Reliance has a 1 year low of $260.31 and a 1 year high of $365.59.

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

Insider Buying and Selling

In related news, SVP William A. Smith II sold 6,615 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the completion of the transaction, the senior vice president directly owned 21,747 shares of the company's stock, valued at approximately $6,493,871.67. This represents a 23.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $4,509,434.02. The trade was a 63.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Reliance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RS. Elevation Wealth Partners LLC purchased a new stake in shares of Reliance in the fourth quarter worth approximately $28,000. Brown Brothers Harriman & Co. raised its holdings in shares of 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 period. Greenline Wealth Management LLC purchased a new stake in shares of Reliance in the fourth quarter worth approximately $32,000. Quarry LP purchased a new stake in shares of Reliance in the third quarter worth approximately $32,000. Finally, Guerra Advisors Inc purchased a new stake in shares of Reliance in the third quarter worth approximately $34,000. 79.26% of the stock is owned by institutional investors.

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.

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