Analyst Rating Update on Reliance Steel & Aluminum Co. (RS)

Reliance Steel & Aluminum Co. (RS) : Zacks Investment Research ranks Reliance Steel & Aluminum Co. (RS) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.63, which indicates as a Hold.

Reliance Steel & Aluminum Co. (RS) stock is expected to deviate a maximum of $6.69 from the average target price of $77.13 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $86 and the most muted being $65.

Company shares have received an average consensus rating of Hold for the current week


Reliance Steel & Aluminum Co. (NYSE:RS): The stock opened at $76.86 on Wednesday but the bulls could not build on the opening and the stock topped out at $77.22 for the day. The stock traded down to $76.44 during the day, due to lack of any buying support eventually closed down at $77.14 with a loss of -0.06% for the day. The stock had closed at $77.19 on the previous day. The total traded volume was 915,177 shares.

Reliance Steel & Aluminum Co. is a metals service center company in North America. The Company provides a variety of processing services and delivers products to fabricators, manufacturers and other end users. It has a network of more than 300 locations in 39 states in the United States and in 12 other countries, including Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom. It provides metals processing services and distributes a line of more than 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. It also provides toll processing of aluminum, carbon steel and stainless steel miscellaneous, including brass, copper and titanium, and offers processing services, which range from cutting, leveling or sawing to complete processes, such as machining or electropolishing.

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