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Reliance Steel & Aluminum (RS) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

RS Stock Forecast

Reliance Steel & Aluminum (RS) stock forecast, based on 3 Wall Street analysts, predicts a 12-month average price target of $325.00, with a high of $325.00 and a low of $325.00. This represents a 11.08% increase from the last price of $292.57.

$265 $279 $293 $307 $321 $335 High: $325 Avg: $325 Low: $325 Last Closed Price: $292.57

RS Stock Rating

Reliance Steel & Aluminum stock's rating consensus is Buy, based on 3 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 3 Buy (100.00%), 0 Hold (0.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 3 0 3 Strong Sell Sell Hold Buy Strong Buy

RS Forecast vs Benchmarks

TypeNameUpside
StockReliance Steel & Aluminum11.08%
SectorBasic Materials Stocks 18.06%
IndustrySteel Stocks List29.15%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$325.00
Last Closing Price$292.57$292.57$292.57
Upside/Downside--11.08%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 252251-10
Dec, 242231-8
Nov, 242431-10
Oct, 242431111
Sep, 242431111
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 14, 2024Philip GibbsKeyBanc$325.00$290.9511.70%11.08%
Apr 29, 2022Citigroup$230.00$200.0614.97%-21.39%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Oct 14, 2024KeyBancOverweightOverweighthold
Jul 26, 2024Wolfe ResearchOutperformUnderperformdowngrade
Feb 20, 2024BMO CapitalOutperformOutperformhold
Apr 29, 2022CitigroupBuyBuyhold
Apr 29, 2022Wolfe ResearchOutperformupgrade

Financial Forecast

EPS Forecast

$5 $11 $17 $23 $29 $35 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$5.74$22.35$30.39$22.90---
Avg Forecast$7.61$20.57$28.61$21.81$16.38$16.91$18.26
High Forecast$7.44$20.12$28.06$21.74$16.29$14.56$18.16
Low Forecast$7.71$20.84$28.90$21.97$16.43$19.08$18.37
Surprise %-24.57%8.65%6.22%5.00%---

Revenue Forecast

$9B $10B $12B $14B $16B $18B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$8.81B$14.09B$17.02B$14.81B---
Avg Forecast$8.85B$13.88B$17.08B$14.77B$13.76B$13.92B$14.31B
High Forecast$8.70B$13.65B$16.83B$14.48B$13.72B$13.79B$14.29B
Low Forecast$8.94B$14.02B$17.22B$14.78B$13.80B$14.14B$14.33B
Surprise %-0.45%1.55%-0.34%0.21%---

Net Income Forecast

$0 $500M $1B $2B $2B $3B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$369.10M$1.41B$1.84B$1.34B---
Avg Forecast$375.78M$1.21B$1.73B$1.34B$965.56M$886.72M$1.08B
High Forecast$300.62M$969.96M$1.38B$1.07B$961.43M$859.49M$1.07B
Low Forecast$450.93M$1.45B$2.07B$1.60B$969.69M$1.13B$1.08B
Surprise %-1.78%16.54%6.45%----

RS Forecast FAQ

Is Reliance Steel & Aluminum stock a buy?

Reliance Steel & Aluminum stock has a consensus rating of Buy, based on 3 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 3 Buy, 0 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Reliance Steel & Aluminum is a favorable investment for most analysts.

What is Reliance Steel & Aluminum's price target?

Reliance Steel & Aluminum's price target, set by 3 Wall Street analysts, averages $325 over the next 12 months. The price target range spans from $325 at the low end to $325 at the high end, suggesting a potential 11.08% change from the previous close price of $292.57.

How does Reliance Steel & Aluminum stock forecast compare to the average forecast of its sector, industry, and investment themes?

Reliance Steel & Aluminum stock forecast shows a 11.08% upside, underperforming the average forecast for the basic materials stocks sector (18.06%) and underperforming the steel stocks list industry (29.15%).

What is the breakdown of analyst ratings for Reliance Steel & Aluminum over the past three months?

  • January 2025: 20.00% Strong Buy, 20.00% Buy, 50.00% Hold, 10.00% Sell, 0% Strong Sell.
  • December 2024: 25.00% Strong Buy, 25.00% Buy, 37.50% Hold, 12.50% Sell, 0% Strong Sell.
  • November 2024: 20.00% Strong Buy, 40.00% Buy, 30.00% Hold, 10.00% Sell, 0% Strong Sell.

What is Reliance Steel & Aluminum’s EPS forecast?

Reliance Steel & Aluminum's average annual EPS forecast for its fiscal year ending in December is 16.38 for 2024, a -28.47% decrease from the reported $22.9 in 2023. The prediction for 2025 is $16.91, and $18.26 for 2026.

What is Reliance Steel & Aluminum’s revenue forecast?

Reliance Steel & Aluminum's average annual revenue forecast for its fiscal year ending in December is $13.76B for 2024, a -7.03% decrease from the reported $14.81B in 2023. The forecast for 2025 is $13.92B, and $14.31B for 2026.

What is Reliance Steel & Aluminum’s net income forecast?

For its fiscal year ending in December, Reliance Steel & Aluminum's average annual net income forecast is $965.56M for 2024, reflecting a -27.72% decrease from the reported $1.34B in 2023. The projection for 2025 is $886.72M, and $1.08B for 2026.