Reliance (NYSE:RS) Given New $460.00 Price Target at Citigroup

Reliance (NYSE:RS) had its price objective raised by research analysts at Citigroup from $420.00 to $460.00 in a report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Citigroup‘s price target would indicate a potential upside of 10.37% from the company’s previous close.

Several other research firms have also commented on RS. Weiss Ratings lowered shares of Reliance from a “buy (b)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Barclays increased their price objective on Reliance from $420.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th. Zacks Research raised Reliance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. BMO Capital Markets lifted their target price on Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Finally, Wall Street Zen upgraded Reliance from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 31st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $407.75.

Reliance Trading Up 0.7%

RS stock traded up $2.75 during trading on Friday, reaching $416.79. 326,260 shares of the stock were exchanged, compared to its average volume of 342,283. The company has a current ratio of 4.12, a quick ratio of 2.22 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $404.39 and a 200-day moving average price of $370.58. Reliance has a 1 year low of $263.12 and a 1 year high of $454.93. The firm has a market capitalization of $21.23 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 0.91 and a beta of 0.95.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, October 21st. The industrial products company reported $8.02 earnings per share for the quarter, beating the consensus estimate of $6.83 by $1.19. Reliance had a net margin of 6.38% and a return on equity of 15.31%. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the previous year, the business posted $3.64 EPS. Reliance’s revenue was up 42.8% on a year-over-year basis. On average, research analysts predict that Reliance will post 25.68 earnings per share for the current year.

Insider Buying and Selling at Reliance

In related news, COO Stephen Koch sold 8,334 shares of the stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $430.87, for a total transaction of $3,590,870.58. Following the completion of the transaction, the chief operating officer owned 8,209 shares of the company’s stock, valued at approximately $3,537,011.83. This trade represents a 50.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its stake in shares of Reliance by 477.5% in the third quarter. Fisher Asset Management LLC now owns 18,619 shares of the industrial products company’s stock valued at $7,164,000 after buying an additional 15,395 shares in the last quarter. R Squared Ltd lifted its stake in Reliance by 15.1% during the 3rd quarter. R Squared Ltd now owns 1,096 shares of the industrial products company’s stock worth $422,000 after acquiring an additional 144 shares in the last quarter. Magnolia Group LLC acquired a new position in Reliance during the 3rd quarter worth about $366,000. Maryland State Retirement & Pension System boosted its holdings in Reliance by 20.8% during the 3rd quarter. Maryland State Retirement & Pension System now owns 3,246 shares of the industrial products company’s stock valued at $1,249,000 after acquiring an additional 560 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in Reliance by 4.4% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 55,320 shares of the industrial products company’s stock valued at $21,284,000 after acquiring an additional 2,355 shares during the period. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks lifted its FY2026 EPS forecast to $26.86 from $22.57 and its Q4 2026 estimate to $7.41 from $4.64. It also raised FY2027 EPS to $24.29 from $21.24, with higher forecasts for Q1 and Q4 2027. These upgrades signal improved expectations for near-term earnings. Analyst predictions for Reliance Q4 earnings
• Neutral Sentiment: Forecast changes for 2028 were mixed: Zacks raised its full-year EPS estimate to $19.13 from $18.09 but trimmed its Q2 estimate to $4.45 from $4.66. This offers a less uniform picture further out.
• Neutral Sentiment: Some headlines about Reliance Jio’s low-cost 5G data plan and Reliance in India’s biscuit market concern separate Indian businesses, not Reliance, Inc. (RS), and are not direct catalysts for this stock. Jio 5G data pack article
• Negative Sentiment: A separate analyst roundup reports a consensus price target of $400.29, which could be a valuation caution if it is below the stock’s recent trading level. Reliance consensus target price article

Reliance Company Profile

Reliance, Inc (NYSE: RS) is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.

The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.

Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.