Reliance (NYSE:RS) Stock Bumped Up to Hold by Barclays

Barclays upgraded shares of Reliance (NYSE:RS) to a hold rating in a research report sent to investors on Wednesday,Zacks reports.

A number of other equities research analysts have also issued reports on RS. KeyCorp increased their target price on shares of Reliance from $418.00 to $421.00 and gave the stock an “overweight” rating in a report on Monday, October 5th. BMO Capital Markets raised their price target on shares of Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Citigroup restated a “neutral” rating on shares of Reliance in a research note on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price target on shares of Reliance from $390.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, October 9th. Finally, Wells Fargo & Company cut their price objective on Reliance from $398.00 to $391.00 and set an “equal weight” rating on the stock in a research report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $387.43.

Reliance Stock Performance

NYSE RS opened at $406.76 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.30 and a quick ratio of 2.27. The company has a market cap of $20.77 billion, a P/E ratio of 23.65, a P/E/G ratio of 0.93 and a beta of 0.95. The stock has a 50-day moving average of $398.87 and a two-hundred day moving average of $380.70. Reliance has a 1-year low of $260.31 and a 1-year high of $433.02.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.80. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the prior year, the firm earned $4.43 earnings per share. The business’s revenue for the quarter 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, analysts anticipate that Reliance will post 23.70 EPS for the current 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 paid a $1.25 dividend. The ex-dividend date was Friday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. Reliance’s payout ratio is currently 29.07%.

Insider Buying and Selling

In other Reliance news, SVP William Smith, II sold 2,353 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total transaction of $974,636.13. Following the completion of the transaction, the senior vice president owned 19,394 shares in the company, valued at $8,033,188.74. The trade was a 10.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Arthur Ajemyan sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $410.11, for a total transaction of $902,242.00. Following the transaction, the chief financial officer owned 14,640 shares of the company’s stock, valued at $6,004,010.40. This trade represents a 13.06% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Reliance

Large investors have recently bought and sold shares of the business. XXEC Inc. acquired a new stake in shares of Reliance during the second quarter worth about $127,493,000. BlackRock Inc. purchased a new position in shares of Reliance during the second quarter worth about $2,171,081,000. Bank of New York Mellon Corp purchased a new position in shares of Reliance during the second quarter worth about $176,913,000. William Blair Investment Management LLC acquired a new position in Reliance in the 2nd quarter valued at about $142,900,000. Finally, Corient Private Wealth LP acquired a new position in Reliance in the 2nd quarter valued at about $129,799,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Trending Headlines about Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Analysts see potential for another earnings beat. Zacks reports that Reliance has favorable conditions for exceeding expectations in its upcoming quarterly results, which could reinforce investor confidence after the company’s prior earnings and revenue surpassed consensus estimates. Reliance Earnings Expected to Grow
• Positive Sentiment: Upcoming earnings are drawing investor attention. Reliance is projected to release quarterly results on Wednesday. Investors will focus on whether earnings momentum continues and how results compare with the company’s guidance of $6.40-$6.60 per share for the third quarter. Reliance Projected to Release Earnings
• Neutral Sentiment: Several headlines concern Reliance Industries and Jio Platforms—not Reliance, Inc. (RS). Jio Platforms, an Indian subsidiary of Reliance Industries, has set a price band of ₹1,065-₹1,119 for a planned ₹30,213 crore IPO opening October 21. The offering may affect sentiment toward Indian-listed Reliance Industries, but it is not a direct corporate event for NYSE-listed Reliance, Inc. Jio Platforms Files Final IPO Prospectus
• Neutral Sentiment: Reliance Consumer’s new beverage launch is unrelated to RS. Reliance Consumer has introduced Joyland flavored milk in Tamil Nadu at ₹20, adding competition for ITC, Amul and other Indian beverage brands. This does not represent a business development for Reliance, Inc. Reliance Consumer Launches Joyland Flavored Milk
• Neutral Sentiment: Reliance Power seizure reports also involve a different company. Reports that India’s Enforcement Directorate seized approximately ₹2,027 crore of Sasan Power shares relate to Reliance Power, not Reliance, Inc. (RS), and should not be treated as a direct fundamental catalyst for RS. Reliance Power ED Seizure Order

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.