NYSE:RS Reliance (RS) Stock Price, News & Analysis $272.69 +0.73 (+0.27%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$270.60▼$274.7150-Day Range$271.98▼$308.7552-Week Range$237.14▼$342.20Volume376,493 shsAverage Volume316,769 shsMarket Capitalization$15.00 billionP/E Ratio12.74Dividend Yield1.61%Price Target$329.40 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Reliance alerts: Email Address Reliance MarketRank™ Stock AnalysisAnalyst RatingHold2.20 Rating ScoreUpside/Downside20.8% Upside$329.40 Price TargetShort InterestHealthy2.18% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-6.17Upright™ Environmental ScoreNews Sentiment0.60Based on 19 Articles This WeekInsider TradingN/AProj. Earnings Growth1.34%From $17.21 to $17.44 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.75 out of 5 starsBasic Materials Sector77th out of 180 stocksMetals Service Centers & Offices Industry3rd out of 4 stocks 2.1 Analyst's Opinion Consensus RatingReliance has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.Amount of Analyst CoverageReliance has only been the subject of 3 research reports in the past 90 days.Read more about Reliance's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.18% of the float of Reliance has been sold short.Short Interest Ratio / Days to CoverReliance has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Reliance has recently increased by 19.00%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldReliance pays a meaningful dividend of 1.53%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthReliance has been increasing its dividend for 14 years.Dividend CoverageThe dividend payout ratio of Reliance is 20.55%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Reliance will have a dividend payout ratio of 25.23% next year. This indicates that Reliance will be able to sustain or increase its dividend.Read more about Reliance's dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreReliance has received a -160.31% net impact score from Upright. The largest negative impact of Reliance Steel & Aluminum in category "GHG emissions" seems to be driven mostly by its "Tin processing services", "Copper processing services", "Aluminium processing services", and "Titanium" products. See details.Environmental SustainabilityThe Environmental Impact score for Reliance is -6.17. Previous Next 2.6 News and Social Media Coverage News SentimentReliance has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Reliance this week, compared to 12 articles on an average week.Search InterestOnly 2 people have searched for RS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Reliance to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Reliance insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.69% of the stock of Reliance is held by insiders.Percentage Held by Institutions79.26% of the stock of Reliance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Reliance's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Reliance are expected to grow by 1.34% in the coming year, from $17.21 to $17.44 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Reliance is 12.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.03.Price to Earnings Ratio vs. SectorThe P/E ratio of Reliance is 12.74, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 118.17.Price to Book Value per Share RatioReliance has a P/B Ratio of 2.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Reliance's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyWar on Elon Escalates… A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.One company holds a near-total monopoly on it. About Reliance Stock (NYSE:RS)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. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was formerly known as Reliance Steel & Aluminum Co. and changed its name to Reliance, Inc. in February 2024. Reliance, Inc. was founded in 1939 and is based in Scottsdale, Arizona.Read More RS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RS Stock News HeadlinesSeptember 7 at 6:36 AM | msn.comMukesh Ambani's Reliance-Owned Stock Delivers 10,800% In Just 5 Years - Do You Have?September 6 at 8:33 PM | msn.comLalbaugcha Raja: Anant Ambani's gift - Rs 15 crore crown made of 20 kg gold - PHOTOSSeptember 7, 2024 | Porter & Company (Ad)War on Elon Escalates… A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.September 6 at 2:32 AM | msn.comJio Cheapest Recharge Plan Of Rs 173 To Rs. 189: Get Jio TV, Jio Cinema, Jio Cloud & MoreSeptember 6 at 2:32 AM | msn.comReliance Industries Share Price: Breakdown in RIL stock despite BONUS announcement; check ratioSeptember 5 at 11:25 AM | msn.comReliance secures Rs 3,620 crore PLI benefits for 10 GWh battery manufacturingSeptember 5 at 11:25 AM | msn.comReliance bonus issue announced: RIL board approves 1:1 issue of free shares; Here's what shareholders must knowSeptember 4 at 10:29 AM | msn.comDividend Alert! Reliance group stock under Rs 200 to pay 40% cash reward; record date in SeptemberSeptember 7, 2024 | Porter & Company (Ad)War on Elon Escalates… A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.September 4 at 5:28 AM | msn.comMonthly SIP of Rs 10,000 since 2021 has given more than Rs 5 lakh, 23% returns for this scheme. Check detailsSeptember 4 at 5:28 AM | msn.comDECODED - 1:1 bonus issue impact on Reliance Industries share price and RIL boss Mukesh Ambani's holdingsSeptember 3, 2024 | msn.comMukesh Ambani's Reliance Industries To Consider Bonus Issue: Know RIL’s Bonus Share HistorySeptember 3, 2024 | msn.comRIL bonus shares: JM says Reliance stock may outperform Nifty. Here's whySeptember 3, 2024 | msn.comReliance Chemotex among 9 stocks to trade ex-dividend tomorrow; last chance for eligibilitySeptember 1, 2024 | msn.comLenders Accuse Hinduja's IIHL Of Stalling Reliance Capital Resolution Plan - DetailsSeptember 1, 2024 | msn.comMcap of 8 of top-10 most valued firms surge Rs 1.53 lakh crore; Airtel, Infosys biggest gainersSeptember 1, 2024 | msn.comEight most-valued firms see combined market valuation surge by Rs 1.53 lakh crore amid market rallyAugust 30, 2024 | msn.comExplained: Why Reliance's bonus issue left brokerages unimpressedSee More Headlines Receive RS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Reliance and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings7/25/2024Ex-Dividend for 8/30 Dividend8/16/2024Dividend Payable8/30/2024Today9/07/2024Next Earnings (Estimated)10/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorBasic Materials Industry Metals service centers & offices Sub-IndustrySteel Current SymbolNYSE:RS CUSIP75950910 CIK861884 Webwww.rsac.com Phone(480) 564-5700Fax213-687-8792Employees15,000Year Founded1939Price Target and Rating Average Stock Price Target$329.40 High Stock Price Target$380.00 Low Stock Price Target$262.00 Potential Upside/Downside+20.8%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$21.41 Trailing P/E Ratio12.74 Forward P/E Ratio15.84 P/E GrowthN/ANet Income$1.34 billion Net Margins7.99% Pretax Margin10.30% Return on Equity14.73% Return on Assets10.85% Debt Debt-to-Equity Ratio0.15 Current Ratio5.02 Quick Ratio2.43 Sales & Book Value Annual Sales$14.81 billion Price / Sales1.01 Cash Flow$26.17 per share Price / Cash Flow10.42 Book Value$134.66 per share Price / Book2.03Miscellaneous Outstanding Shares55,020,000Free Float57,031,000Market Cap$15.00 billion OptionableOptionable Beta0.86 Social Links The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMs. Karla R. Lewis (Age 58)President, CEO & Director Comp: $5.63MMr. Arthur Ajemyan (Age 48)CFO & Senior VP Comp: $2.83MMr. Stephen P. Koch (Age 57)Executive VP & COO Comp: $3.26MMr. William A. Smith II (Age 56)Senior VP, General Counsel & Corporate Secretary Comp: $2.82MMr. James D. Hoffman (Age 65)Director & Senior Advisor to the CEO Mr. Jeffrey Wayne Durham (Age 61)Senior Vice President of Operations Comp: $2.83MMs. Suzanne M. Bonner (Age 49)Senior VP & Chief Information Officer Ms. Vandy C. LuptonVice President of Health & Human ResourcesMr. Sean Michael Mollins (Age 45)Senior Vice President of Operations Mr. Michael R. Hynes (Age 57)Senior Vice President of Operations More ExecutivesKey CompetitorsNucorNYSE:NUESteel DynamicsNASDAQ:STLDUnited States SteelNYSE:XATINYSE:ATICarpenter TechnologyNYSE:CRSView All CompetitorsInsiders & InstitutionsSanctuary Advisors LLCBought 10,574 shares on 9/5/2024Ownership: 0.019%Dana Investment Advisors Inc.Sold 374 shares on 8/27/2024Ownership: 0.025%Cetera Investment AdvisersSold 772 shares on 8/22/2024Ownership: 0.017%Truist Financial CorpSold 6,017 shares on 8/21/2024Ownership: 0.001%Ascent Group LLCSold 63 shares on 8/16/2024Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions RS Stock Analysis - Frequently Asked Questions How have RS shares performed this year? Reliance's stock was trading at $279.68 on January 1st, 2024. Since then, RS stock has decreased by 2.5% and is now trading at $272.69. View the best growth stocks for 2024 here. How were Reliance's earnings last quarter? Reliance, Inc. (NYSE:RS) released its quarterly earnings data on Thursday, July, 25th. The industrial products company reported $4.65 EPS for the quarter, missing analysts' consensus estimates of $4.73 by $0.08. The company's revenue was down 6.1% compared to the same quarter last year. What is David H. Hannah's approval rating as Reliance's CEO? 21 employees have rated Reliance Chief Executive Officer David H. Hannah on Glassdoor.com. David H. Hannah has an approval rating of 86% among the company's employees. Does Reliance have any subsidiaries? Reliance subsidiaries include these companies: Rotax Metals Inc., Admiral Metals Servicenter Company Inc., Nu-Tech Precision Metals Inc., Merfish United, Fry Steel, All Metals Holding, KMS Fab, and others. Who are Reliance's major shareholders? Top institutional shareholders of Reliance include Dimensional Fund Advisors LP (2.04%), Yacktman Asset Management LP (1.72%), Acadian Asset Management LLC (1.72%) and Royal London Asset Management Ltd. (1.53%). Insiders that own company stock include Karla R Lewis, James Donald Hoffman, Jeffrey Wayne Durham, William A Smith II, Sean Michael Mollins, Arthur Ajemyan, Mark V Kaminski, Stephen Paul Koch and Michael R Hynes. View institutional ownership trends. How do I buy shares of Reliance? Shares of RS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Reliance own? Based on aggregate information from My MarketBeat watchlists, some other companies that Reliance investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Endologix (ELGX), Athabasca Oil (ATH), Micron Technology (MU) and Accenture (ACN). 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