Reliance, Inc. (NYSE:RS) Receives $323.00 Average PT from Analysts

Shares of Reliance, Inc. (NYSE:RS) have received an average recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $323.00.

Several equities research analysts have recently issued reports on RS shares. JPMorgan Chase & Co. decreased their price objective on shares of Reliance from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Monday, October 13th. Zacks Research downgraded Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a research report on Wednesday, November 19th. Wells Fargo & Company raised their target price on Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a research report on Friday, November 14th. Finally, BMO Capital Markets lowered their price target on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a report on Friday, October 24th.

Reliance Stock Performance

Shares of RS opened at $279.85 on Friday. Reliance has a 1 year low of $250.07 and a 1 year high of $347.43. The stock has a market capitalization of $14.63 billion, a PE ratio of 20.46, a PEG ratio of 1.46 and a beta of 0.90. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.08 and a current ratio of 4.43. The stock has a 50-day simple moving average of $277.51 and a 200-day simple moving average of $294.58.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share for the quarter, missing the consensus estimate of $3.68 by ($0.04). Reliance had a net margin of 5.23% and a return on equity of 10.37%. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the business earned $3.64 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. On average, analysts predict that Reliance will post 16.98 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be issued a $1.20 dividend. The ex-dividend date is Friday, November 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. Reliance’s dividend payout ratio is presently 35.09%.

Hedge Funds Weigh In On Reliance

Several large investors have recently bought and sold shares of RS. TCTC Holdings LLC increased its position in shares of Reliance by 138.9% during the first quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Private Trust Co. NA grew its stake in Reliance by 417.6% during the 2nd quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock worth $28,000 after buying an additional 71 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Reliance during the first quarter worth approximately $29,000. Quarry LP acquired a new position in Reliance during the third quarter worth approximately $32,000. Finally, Guerra Advisors Inc purchased a new stake in Reliance in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

About Reliance

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.