Reliance (NYSE:RS) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Reliance (NYSE:RS) from a "hold" to a buy rating in a report issued on Saturday.
• Reliance reported Q4 EPS of $2.40, missing estimates of $2.80, while revenue rose 11.9% to $3.50 billion and the company issued Q1 2026 guidance of $4.50–$4.70 EPS.
• Despite the upgrade, analysts' consensus remains a Hold (one Buy, six Hold) with a consensus target price of $322.80, and the stock opened at $322.63 within a 52‑week range of $260.31–$365.59.

Reliance (NYSE:RS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Other research analysts have also issued research reports about the company. BMO Capital Markets lowered Reliance from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $340.00 to $320.00 in a research report on Friday, February 20th. The Goldman Sachs Group started coverage on Reliance in a research report on Wednesday, April 1st. They set a "neutral" rating and a $300.00 price objective for the company. Wells Fargo & Company raised their price objective on Reliance from $315.00 to $323.00 and gave the company an "equal weight" rating in a research report on Monday, March 2nd. Zacks Research raised Reliance from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. lowered Reliance from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $340.00 to $330.00 in a research report on Friday, February 20th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Reliance presently has an average rating of "Hold" and a consensus target price of $322.80.

Reliance Stock Up 0.1%

Shares of NYSE:RS opened at $322.63 on Friday. Reliance has a 52-week low of $260.31 and a 52-week high of $365.59. The firm has a market capitalization of $16.69 billion, a P/E ratio of 23.09, a P/E/G ratio of 1.22 and a beta of 0.88. The stock has a 50 day moving average price of $317.45 and a 200-day moving average price of $298.96. 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 (NYSE:RS - Get Free Report) last announced its earnings results on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($0.40). Reliance had a return on equity of 10.45% and a net margin of 5.17%.The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the company posted $2.22 EPS. The firm's revenue was up 11.9% on a year-over-year basis. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. As a group, equities research analysts anticipate that Reliance will post 16.98 EPS for the current fiscal year.

Insider Buying and Selling at Reliance

In other Reliance news, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction 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 sale, the chief operating officer directly owned 14,021 shares in the company, valued at approximately $4,509,434.02. This trade represents a 63.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William A. Smith II sold 6,615 shares of the stock in a transaction 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 represents a 23.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.35% of the company's stock.

Institutional Trading of Reliance

Several institutional investors have recently added to or reduced their stakes in the business. First Citizens Bank & Trust Co. boosted its stake in Reliance by 1.7% during the 4th quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company's stock valued at $588,000 after purchasing an additional 35 shares during the last quarter. Masso Torrence Wealth Management Inc. boosted its stake in Reliance by 3.3% during the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 1,148 shares of the industrial products company's stock valued at $322,000 after purchasing an additional 37 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in Reliance by 4.9% during the 4th quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company's stock valued at $227,000 after purchasing an additional 37 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Reliance by 13.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 325 shares of the industrial products company's stock valued at $91,000 after purchasing an additional 38 shares during the last quarter. Finally, Choreo LLC boosted its stake in Reliance by 2.9% during the 3rd quarter. Choreo LLC now owns 1,366 shares of the industrial products company's stock valued at $383,000 after purchasing an additional 39 shares during the last quarter. 79.26% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.