Reliance, Inc. (NYSE:RS) Stock Has Consensus Price Target of $382.00

Shares of Reliance, Inc. (NYSE:RS) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $387.43.

Several brokerages have recently weighed in on RS. Zacks Research upgraded shares of Reliance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Barclays started coverage on Reliance in a research report on Wednesday. They set an “equal weight” rating and a $420.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Reliance from $390.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, October 9th. Weiss Ratings upgraded Reliance from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Citigroup restated a “neutral” rating on shares of Reliance in a research report on Wednesday, July 29th.

Insider Buying and Selling

In related news, CFO Arthur Ajemyan sold 2,200 shares of Reliance 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 sale, the chief financial officer owned 14,640 shares of the company’s stock, valued at approximately $6,004,010.40. This trade represents a 13.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William A. Smith II sold 2,353 shares of the 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 sale, the senior vice president directly owned 19,394 shares of the company’s stock, valued at approximately $8,033,188.74. This trade represents a 10.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Reliance

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

Key Stories Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Barclays initiated coverage with an “equal weight” rating and a $420 price target. The target implies modest upside from the stock’s recent $410.90 level, providing a measured valuation endorsement even though Barclays did not recommend an outright overweight position.
• Neutral Sentiment: Wall Street is focusing on Reliance’s third-quarter 2026 operating metrics ahead of earnings. The latest preview highlights estimates for revenue, earnings and key performance measures for the quarter ended September, but it does not report actual results or identify a significant estimate revision. Zacks Reliance Q3 earnings preview
• Neutral Sentiment: Most of the other reports concern Reliance Industries Ltd. in India and its Jio Platforms IPO, not Reliance, Inc. (RS). News about Jio’s proposed ₹30,213 crore offering, its price band, distribution arrangements and Joyland dairy products may affect Indian-listed Reliance Industries, but it is not a direct catalyst for the U.S.-listed industrial metals distributor.

Reliance Stock Performance

Shares of RS opened at $410.90 on Monday. The firm has a market capitalization of $20.98 billion, a P/E ratio of 23.89, a PEG ratio of 0.93 and a beta of 0.95. 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 business has a fifty day moving average of $398.40 and a 200 day moving average of $381.66. Reliance has a one year low of $260.31 and a one year high of $433.02.

Reliance (NYSE:RS) last posted its quarterly earnings data 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 the consensus estimate of $4.26 billion. During the same quarter last year, the firm posted $4.43 earnings per share. The firm’s revenue 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, sell-side analysts anticipate that Reliance will post 23.70 EPS for the current year.

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.