Reliance, Inc. (NYSE:RS) Stock Has Average Target Price of $400.29 According to Analysts

Reliance, Inc. (NYSE:RS) has been given an average rating of “Hold” by the ten analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $407.75.

Several research firms have issued reports on RS. Zacks Research raised shares of Reliance from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. KeyCorp boosted their target price on Reliance from $421.00 to $437.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. Weiss Ratings lowered Reliance from a “buy (b)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Wall Street Zen upgraded Reliance from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Finally, BMO Capital Markets increased their price target on Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a research note on Monday, July 27th.

Insider Buying and Selling

In other news, COO Stephen Koch sold 8,334 shares of the company’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $430.87, for a total value of $3,590,870.58. Following the sale, the chief operating officer owned 8,209 shares in the company, valued at $3,537,011.83. This represents a 50.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Reliance

A number of large investors have recently added to or reduced their stakes in RS. XXEC Inc. purchased a new stake in Reliance in the second quarter valued at $127,493,000. BlackRock Inc. acquired a new stake in shares of Reliance during the 2nd quarter worth about $2,171,081,000. Bank of New York Mellon Corp acquired a new stake in shares of Reliance during the 2nd quarter worth about $176,913,000. William Blair Investment Management LLC acquired a new stake in shares of Reliance during the 2nd quarter worth about $142,900,000. Finally, Corient Private Wealth LP purchased a new stake in Reliance in the 2nd quarter valued at about $129,799,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks Research raised its earnings estimates for Reliance across several periods, including FY2026 to $26.86 per share from $22.57 and FY2027 to $24.29 from $21.24, while maintaining a Strong Buy rating. The revisions may support investor confidence in the company’s earnings outlook. Reliance analyst coverage
• Positive Sentiment: Citigroup raised its price target to $460 from $420, implying potential upside from the cited share price, though it kept a Neutral rating. Citigroup recommendations
• Neutral Sentiment: One report puts the consensus target at $400.29, below the cited share price, which tempers the more optimistic target revision. Consensus target price report
• Neutral Sentiment: News about Jio’s new connectivity and data plans, and Reliance Industries’ possible entry into the biscuit market, relates to other Reliance-branded businesses—not Reliance, Inc. (RS)—so it does not directly explain RS’s share movement. Reliance Jio plan article

Reliance Stock Performance

RS opened at $416.79 on Friday. The stock has a market capitalization of $21.23 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 0.83 and a beta of 0.95. The company has a fifty day moving average of $404.89 and a 200 day moving average of $371.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.22 and a current ratio of 4.12. Reliance has a fifty-two week low of $263.12 and a fifty-two week high of $454.93.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, October 21st. The industrial products company reported $8.02 EPS for the quarter, topping the consensus estimate of $6.83 by $1.19. Reliance had a return on equity of 15.31% and a net margin of 6.38%. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the business posted $3.64 earnings per share. The firm’s revenue was up 42.8% on a year-over-year basis. As a group, sell-side analysts forecast that Reliance will post 26.54 earnings per share for the current fiscal year.

Reliance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 20th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 20th. Reliance’s dividend payout ratio is 23.31%.

Reliance Company Profile

Reliance, Inc is a metal service center company that distributes metals and provides processing services to customers across a range of industries. Its products include carbon steel, stainless steel, aluminum, alloy steel, brass, copper and other metals.

The company processes materials to customer specifications through services such as cutting, sawing, slitting, machining, forming and laser, plasma or waterjet cutting. These services help customers prepare metal for use in manufacturing, construction, transportation, energy and other applications.

Founded in Los Angeles in 1939, Reliance has grown into a network of service centers serving customers in the United States and internationally.