Brokerages Set Reliance, Inc. (NYSE:RS) Price Target at $322.40

Shares of Reliance, Inc. (NYSE:RS) have earned an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $322.40.

Several brokerages have recently commented on RS. JPMorgan Chase & Co. decreased their price objective on Reliance from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Monday, October 13th. Wells Fargo & Company decreased their price objective on Reliance from $296.00 to $284.00 and set an “equal weight” rating for the company in a report on Friday, October 24th. Zacks Research lowered Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. BMO Capital Markets decreased their price objective on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Reliance in a research note on Wednesday, October 8th.

Institutional Investors Weigh In On Reliance

A number of institutional investors have recently modified their holdings of RS. Focus Partners Wealth boosted its position in Reliance by 387.5% in the 1st quarter. Focus Partners Wealth now owns 7,405 shares of the industrial products company’s stock valued at $2,138,000 after buying an additional 5,886 shares during the last quarter. Plato Investment Management Ltd lifted its position in shares of Reliance by 478.2% during the first quarter. Plato Investment Management Ltd now owns 5,262 shares of the industrial products company’s stock worth $1,536,000 after purchasing an additional 4,352 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Reliance by 11.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,285 shares of the industrial products company’s stock worth $133,196,000 after purchasing an additional 46,377 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Reliance during the second quarter worth about $72,373,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Reliance by 46.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 50,266 shares of the industrial products company’s stock worth $16,435,000 after purchasing an additional 15,975 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Trading Up 0.5%

Shares of RS stock opened at $281.58 on Monday. Reliance has a 1 year low of $250.07 and a 1 year high of $347.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 2.08. The stock’s 50 day simple moving average is $284.99 and its two-hundred day simple moving average is $296.14. The company has a market cap of $14.81 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 1.45 and a beta of 0.87.

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

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 21st. Reliance’s dividend payout ratio (DPR) is currently 35.09%.

Reliance Company Profile

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.