Reliance, Inc. (NYSE:RS) Stock Has Average Target Price of $382.00

Shares of Reliance, Inc. (NYSE:RS) have earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $387.43.

Several brokerages have issued reports on RS. Barclays began coverage on Reliance in a research report on Wednesday. They set an “equal weight” rating and a $420.00 target price for the company. JPMorgan Chase & Co. upped their target price on Reliance from $390.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, October 9th. Wells Fargo & Company reduced their price target on Reliance from $398.00 to $391.00 and set an “equal weight” rating on the stock in a report on Monday, August 24th. BMO Capital Markets boosted their target price on shares of Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Reliance from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th.

Reliance Stock Up 0.7%

Shares of RS opened at $406.76 on Monday. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95. Reliance has a 1 year low of $260.31 and a 1 year high of $433.02. The business’s 50 day simple moving average is $398.87 and its 200-day simple moving average is $380.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.30 and a quick ratio of 2.27.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. Reliance had a return on equity of 12.51% and a net margin of 5.65%. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the prior year, the company earned $4.43 EPS. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts expect that Reliance will post 23.70 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $1.25 dividend. The ex-dividend date was Friday, August 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. Reliance’s payout ratio is presently 29.07%.

Insider Buying and Selling

In related news, SVP William Smith, II sold 2,353 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value of $974,636.13. Following the transaction, the senior vice president owned 19,394 shares of the company’s stock, valued at $8,033,188.74. This represents a 10.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Arthur Ajemyan sold 2,200 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $410.11, for a total value of $902,242.00. Following the transaction, the chief financial officer owned 14,640 shares in the company, valued at $6,004,010.40. The trade was a 13.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Reliance

Hedge funds and other institutional investors have recently modified their holdings of the business. Costello Asset Management INC purchased a new stake in shares of Reliance during the first quarter valued at about $30,000. N.E.W. Advisory Services LLC purchased a new position in shares of Reliance in the 2nd quarter worth approximately $37,000. Osterweis Capital Management Inc. bought a new position in shares of Reliance during the 2nd quarter worth approximately $41,000. Compass Financial Management LLC bought a new position in shares of Reliance during the 2nd quarter worth approximately $46,000. Finally, Fortitude Family Office LLC raised its stake in shares of Reliance by 174.5% during the 3rd quarter. Fortitude Family Office LLC now owns 129 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 82 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors.

Reliance News Roundup

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Analysts expect Reliance, Inc. to deliver solid earnings in its upcoming report, with Zacks citing favorable conditions for a potential earnings beat. The company previously reported quarterly EPS of $6.27, ahead of the $5.47 consensus estimate, while revenue rose 26.5% year over year. Reliance earnings expectations
• Positive Sentiment: Reliance, Inc. is projected to release earnings on Wednesday. Investors will focus on whether results and forward guidance support the company’s current valuation and its expected full-year EPS of approximately $23.70. Reliance projected earnings release
• Neutral Sentiment: Reliance Industries’ Jio Platforms set a ₹1,065–₹1,119 IPO price band and plans to open the offering on October 21. Reports describe a potential record-sized issue, strong investor demand, and a reservation for Reliance Industries shareholders. These developments may affect Reliance Industries, but they do not directly change the fundamentals of Reliance, Inc. (RS). Jio Platforms IPO prospectus
• Neutral Sentiment: Reliance Consumer, another Reliance Industries business, launched ₹20 Joyland flavored milk in Tamil Nadu. The new product expands its competition with ITC, Amul, and other beverage brands, but it has no direct connection to RS. Reliance Consumer Joyland launch
• Neutral Sentiment: Reports about an enforcement action involving ₹2,027 crore of Sasan Power shares concern Reliance Power, not Reliance, Inc. (RS), and should not be treated as a direct catalyst for the U.S.-listed stock. Reliance Power enforcement action

About Reliance

Reliance, operating as Reliance Steel & Aluminum Co (NYSE: RS), is a diversified metals service center company. It distributes a broad range of metals, including carbon steel, stainless steel, aluminum, copper, brass, titanium and specialty steel products, serving manufacturers, fabricators, construction companies and other industrial customers.

The company provides value-added services designed to prepare metals for customer use. These services include cutting, leveling, slitting, sawing, machining, forming, coating, welding and other fabrication processes.