Reliance Steel & Aluminum (RS) Stock Forecast, Price Target & Predictions
RS Stock Forecast
Reliance Steel & Aluminum stock forecast is as follows: an average price target of $277.50 (represents a -3.99% downside from RS’s last price of $289.04) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
RS Price Target
The average price target for Reliance Steel & Aluminum (RS) is $277.50 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $325.00 to $230.00. This represents a potential -3.99% downside from RS's last price of $289.04.
RS Analyst Ratings
According to 3 Wall Street analysts, Reliance Steel & Aluminum's rating consensus is 'Buy'. The analyst rating breakdown for RS stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Reliance Steel & Aluminum Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 14, 2024 | Philip Gibbs | KeyBanc | $325.00 | $290.95 | 11.70% | 12.44% |
| Apr 29, 2022 | - | Citigroup | $230.00 | $200.06 | 14.97% | -20.43% |
The latest Reliance Steel & Aluminum stock forecast, released on Oct 14, 2024 by Philip Gibbs from KeyBanc, set a price target of $325.00, which represents a 11.70% increase from the stock price at the time of the forecast ($290.95), and a 12.44% increase from RS last price ($289.04).
Reliance Steel & Aluminum Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 1 |
| Avg Price Target | $325.00 | $325.00 | $325.00 |
| Last Closing Price | $289.04 | $289.04 | $289.04 |
| Upside/Downside | 12.44% | 12.44% | 12.44% |
In the current month, the average price target of Reliance Steel & Aluminum stock is $325.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 12.44% increase as opposed to Reliance Steel & Aluminum's last price of $289.04. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 14, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Jul 26, 2024 | Wolfe Research | Outperform | Underperform | Downgrade |
| Feb 20, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Apr 29, 2022 | Citigroup | Buy | Buy | Hold |
| Apr 29, 2022 | Wolfe Research | - | Outperform | Upgrade |
Reliance Steel & Aluminum's last stock rating was published by KeyBanc on Oct 14, 2024. The company gave RS a "Overweight" rating, the same as its previous rate.
Reliance Steel & Aluminum Financial Forecast
Reliance Steel & Aluminum Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $3.62B | $3.88B | $3.97B | $3.61B | $4.25B | $4.68B | $4.49B | $3.99B | $3.85B | $3.42B | $2.84B | $2.13B | $2.09B | $2.02B | $2.57B | $2.45B | $2.69B | $2.88B | $2.96B | $2.76B | $2.42B |
| Avg Forecast | $3.30B | $3.45B | $3.54B | $3.50B | $3.11B | $3.38B | $3.64B | $3.76B | $3.31B | $3.61B | $3.98B | $3.93B | $3.67B | $4.13B | $4.62B | $4.13B | $3.80B | $3.78B | $3.17B | $2.78B | $2.18B | $2.14B | $1.99B | $2.66B | $2.49B | $2.67B | $2.92B | $2.97B | $2.41B | $2.21B |
| High Forecast | $3.36B | $3.51B | $3.61B | $3.56B | $3.17B | $3.38B | $3.64B | $3.76B | $3.37B | $3.67B | $4.05B | $3.99B | $3.73B | $4.13B | $4.62B | $4.13B | $3.80B | $3.78B | $3.17B | $2.78B | $2.18B | $2.14B | $1.99B | $2.66B | $2.49B | $2.67B | $2.92B | $2.97B | $2.89B | $2.65B |
| Low Forecast | $3.23B | $3.37B | $3.47B | $3.43B | $3.05B | $3.38B | $3.64B | $3.76B | $3.30B | $3.57B | $3.89B | $3.84B | $3.59B | $4.13B | $4.62B | $4.13B | $3.80B | $3.78B | $3.17B | $2.78B | $2.18B | $2.14B | $1.99B | $2.66B | $2.49B | $2.67B | $2.92B | $2.97B | $1.93B | $1.77B |
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 11 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.00% | 0.98% | 1.01% | 0.98% | 1.03% | 1.01% | 1.09% | 1.05% | 1.02% | 1.08% | 1.02% | 0.98% | 0.98% | 1.02% | 0.97% | 0.98% | 1.01% | 0.99% | 1.00% | 1.14% | 1.09% |
Reliance Steel & Aluminum's average Quarter revenue forecast for Dec 23 based on 3 analysts is $3.31B, with a low forecast of $3.30B, and a high forecast of $3.37B. RS's average Quarter revenue forecast represents a -8.52% decrease compared to the company's last Quarter revenue of $3.62B (Sep 23).
Reliance Steel & Aluminum EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 11 |
| EBITDA | - | - | - | - | - | - | - | - | - | $458.30M | $581.40M | $580.50M | $523.50M | $600.00M | $837.50M | $771.90M | $620.20M | $603.90M | $517.20M | $430.30M | $316.80M | $198.40M | $173.50M | $155.80M | $355.50M | $292.50M | $322.70M | $332.20M | $296.50M | $239.30M |
| Avg Forecast | $436.16M | $456.03M | $468.72M | $463.02M | $411.74M | $446.94M | $482.02M | $765.27M | $438.37M | $477.54M | $526.18M | $695.70M | $463.17M | $546.76M | $610.77M | $632.45M | $502.55M | $499.33M | $419.20M | $359.40M | $288.12M | $282.50M | $262.56M | $129.83M | $328.74M | $352.52M | $386.66M | $271.93M | $253.72M | $216.92M |
| High Forecast | $443.76M | $463.99M | $476.89M | $470.91M | $419.53M | $447.46M | $482.02M | $918.32M | $446.01M | $485.52M | $535.35M | $834.84M | $555.80M | $546.76M | $610.77M | $758.94M | $502.55M | $499.33M | $419.20M | $431.28M | $288.12M | $282.50M | $262.56M | $155.80M | $328.74M | $352.52M | $386.66M | $326.31M | $304.47M | $260.30M |
| Low Forecast | $426.68M | $446.12M | $458.53M | $453.81M | $403.94M | $446.42M | $482.02M | $612.21M | $437.03M | $472.55M | $514.74M | $556.56M | $370.54M | $546.76M | $610.77M | $505.96M | $502.55M | $499.33M | $419.20M | $287.52M | $288.12M | $282.50M | $262.56M | $103.87M | $328.74M | $352.52M | $386.66M | $217.54M | $202.98M | $173.54M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.96% | 1.10% | 0.83% | 1.13% | 1.10% | 1.37% | 1.22% | 1.23% | 1.21% | 1.23% | 1.20% | 1.10% | 0.70% | 0.66% | 1.20% | 1.08% | 0.83% | 0.83% | 1.22% | 1.17% | 1.10% |
3 analysts predict RS's average Quarter EBITDA for Dec 23 to be $438.37M, with a high of $446.01M and a low of $437.03M. This is -4.35% lower than Reliance Steel & Aluminum's previous annual EBITDA (Sep 23) of $458.30M.
Reliance Steel & Aluminum Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 11 |
| Net Income | - | - | - | - | - | - | - | - | - | $295.00M | $385.10M | $383.10M | $350.50M | $393.50M | $572.80M | $523.30M | $422.30M | $395.70M | $329.10M | $266.90M | $129.60M | $97.60M | $80.20M | $61.70M | $165.60M | $162.70M | $183.10M | $190.10M | $169.00M | $111.70M |
| Avg Forecast | $209.45M | $237.13M | $242.95M | $237.75M | $164.99M | $207.69M | $268.94M | $519.68M | $222.62M | $284.19M | $372.29M | $472.44M | $314.63M | $355.05M | $518.54M | $429.49M | $299.44M | $340.58M | $280.81M | $222.92M | $116.03M | $92.08M | $23.39M | $51.42M | $99.40M | $111.90M | $147.94M | $155.61M | $144.62M | $101.25M |
| High Forecast | $214.20M | $242.50M | $248.45M | $261.91M | $185.81M | $209.43M | $268.94M | $623.62M | $231.27M | $292.15M | $380.73M | $566.92M | $377.56M | $355.05M | $518.54M | $515.38M | $299.44M | $340.58M | $280.81M | $267.51M | $116.03M | $92.08M | $23.39M | $61.70M | $99.40M | $111.90M | $147.94M | $186.73M | $173.54M | $121.50M |
| Low Forecast | $203.53M | $230.43M | $236.08M | $213.58M | $144.18M | $205.95M | $268.93M | $415.74M | $219.73M | $279.07M | $361.78M | $377.95M | $251.70M | $355.05M | $518.54M | $343.59M | $299.44M | $340.58M | $280.81M | $178.34M | $116.03M | $92.08M | $23.39M | $41.13M | $99.40M | $111.90M | $147.94M | $124.49M | $115.69M | $81.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.04% | 1.03% | 0.81% | 1.11% | 1.11% | 1.10% | 1.22% | 1.41% | 1.16% | 1.17% | 1.20% | 1.12% | 1.06% | 3.43% | 1.20% | 1.67% | 1.45% | 1.24% | 1.22% | 1.17% | 1.10% |
Reliance Steel & Aluminum's average Quarter net income forecast for Dec 23 is $222.62M, with a range of $219.73M to $231.27M. RS's average Quarter net income forecast represents a -24.54% decrease compared to the company's last Quarter net income of $295.00M (Sep 23).
Reliance Steel & Aluminum SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 11 |
| SG&A | - | - | - | - | - | - | - | - | - | $626.90M | $650.60M | $651.30M | $613.60M | $630.10M | $648.60M | $611.90M | $617.90M | $606.80M | $563.30M | $518.50M | $477.00M | $449.20M | $438.50M | $522.70M | $526.00M | $518.70M | $531.40M | $532.10M | $519.40M | $476.20M |
| Avg Forecast | $585.30M | $611.98M | $629.00M | $621.35M | $552.53M | $599.78M | $646.85M | $607.67M | $588.27M | $640.83M | $706.11M | $552.42M | $461.45M | $733.73M | $819.62M | $502.20M | $674.39M | $670.07M | $562.55M | $433.07M | $386.65M | $379.10M | $352.35M | $435.58M | $441.16M | $473.07M | $518.88M | $435.56M | $444.46M | $431.66M |
| High Forecast | $595.51M | $622.65M | $639.97M | $631.94M | $562.99M | $600.47M | $646.85M | $729.20M | $598.53M | $651.55M | $718.42M | $662.91M | $553.74M | $733.73M | $819.62M | $602.64M | $674.39M | $670.07M | $562.55M | $519.68M | $386.65M | $379.10M | $352.35M | $522.70M | $441.16M | $473.07M | $518.88M | $522.67M | $533.35M | $518.00M |
| Low Forecast | $572.58M | $598.68M | $615.33M | $608.99M | $542.07M | $599.08M | $646.85M | $486.13M | $586.47M | $634.14M | $690.76M | $441.94M | $369.16M | $733.73M | $819.62M | $401.76M | $674.39M | $670.07M | $562.55M | $346.45M | $386.65M | $379.10M | $352.35M | $348.47M | $441.16M | $473.07M | $518.88M | $348.45M | $355.57M | $345.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.98% | 0.92% | 1.18% | 1.33% | 0.86% | 0.79% | 1.22% | 0.92% | 0.91% | 1.00% | 1.20% | 1.23% | 1.18% | 1.24% | 1.20% | 1.19% | 1.10% | 1.02% | 1.22% | 1.17% | 1.10% |
Reliance Steel & Aluminum's average Quarter SG&A projection for Dec 23 is $588.27M, based on 3 Wall Street analysts, with a range of $586.47M to $598.53M. The forecast indicates a -6.16% fall compared to RS last annual SG&A of $626.90M (Sep 23).
Reliance Steel & Aluminum EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 11 |
| EPS | - | - | - | - | - | - | - | - | - | $5.05 | $6.56 | $6.51 | $5.97 | $6.55 | $9.29 | $8.46 | $6.78 | $6.25 | $5.17 | $4.19 | $2.04 | $1.53 | $1.26 | $0.93 | $2.48 | $2.44 | $2.73 | $2.83 | $2.32 | $1.53 |
| Avg Forecast | $3.69 | $4.17 | $4.28 | $4.18 | $2.90 | $3.66 | $4.73 | $5.53 | $3.92 | $5.00 | $6.55 | $5.73 | $4.47 | $6.19 | $9.03 | $7.14 | $5.22 | $5.93 | $4.89 | $3.52 | $2.02 | $1.60 | $0.41 | $2.10 | $1.73 | $1.95 | $2.58 | $2.37 | $1.72 | $1.26 |
| High Forecast | $3.77 | $4.27 | $4.37 | $4.61 | $3.27 | $3.69 | $4.73 | $5.53 | $4.07 | $5.14 | $6.70 | $5.86 | $4.58 | $6.19 | $9.03 | $7.14 | $5.22 | $5.93 | $4.89 | $3.52 | $2.02 | $1.60 | $0.41 | $2.10 | $1.73 | $1.95 | $2.58 | $2.37 | $2.06 | $1.51 |
| Low Forecast | $3.58 | $4.06 | $4.16 | $3.76 | $2.54 | $3.63 | $4.73 | $5.53 | $3.87 | $4.91 | $6.37 | $5.57 | $4.35 | $6.19 | $9.03 | $7.14 | $5.22 | $5.93 | $4.89 | $3.52 | $2.02 | $1.60 | $0.41 | $2.10 | $1.73 | $1.95 | $2.58 | $2.37 | $1.38 | $1.01 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.01% | 1.00% | 1.14% | 1.33% | 1.06% | 1.03% | 1.18% | 1.30% | 1.05% | 1.06% | 1.19% | 1.01% | 0.95% | 3.09% | 0.44% | 1.43% | 1.25% | 1.06% | 1.19% | 1.35% | 1.21% |
According to 3 Wall Street analysts, Reliance Steel & Aluminum's projected average Quarter EPS for Dec 23 is $3.92, with a low estimate of $3.87 and a high estimate of $4.07. This represents a -22.41% decrease compared to RS previous annual EPS of $5.05 (Sep 23).
Reliance Steel & Aluminum Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SCHN | Schnitzer Steel Industries | $33.20 | $215.00 | 547.59% | - |
| GGB | Gerdau | $3.11 | $5.00 | 60.77% | Buy |
| CLF | Cleveland-Cliffs | $13.11 | $19.85 | 51.41% | Buy |
| MT | ArcelorMittal | $24.81 | $36.87 | 48.61% | Buy |
| PKX | POSCO | $62.01 | $77.00 | 24.17% | Hold |
| CMC | Commercial Metals Company | $53.96 | $59.75 | 10.73% | Buy |
| NUE | Nucor | $142.60 | $150.11 | 5.27% | Hold |
| STLD | Steel Dynamics | $133.58 | $134.00 | 0.31% | Buy |
| RS | Reliance Steel & Aluminum | $289.04 | $277.50 | -3.99% | Buy |
| X | United States Steel | $38.26 | $36.07 | -5.72% | Buy |
| USAP | Universal Stainless & Alloy Products | $44.15 | $36.00 | -18.46% | Hold |
RS Forecast FAQ
Is Reliance Steel & Aluminum a good buy?
Yes, according to 3 Wall Street analysts, Reliance Steel & Aluminum (RS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of RS's total ratings.
What is RS's price target?
Reliance Steel & Aluminum (RS) average price target is $277.5 with a range of $230 to $325, implying a -3.99% from its last price of $289.04. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Reliance Steel & Aluminum stock go up soon?
According to Wall Street analysts' prediction for RS stock, the company can go down by -3.99% (from the last price of $289.04 to the average price target of $277.5), up by 12.44% based on the highest stock price target, and down by -20.43% based on the lowest stock price target.
Can Reliance Steel & Aluminum stock reach $400?
RS's average twelve months analyst stock price target of $277.5 does not support the claim that Reliance Steel & Aluminum can reach $400 in the near future.
What is Reliance Steel & Aluminum's current price target trend?
1 Wall Street analyst forecast a $325 price target for Reliance Steel & Aluminum (RS) this month, up 12.44% from its last price of $289.04. Compared to the last 3 and 12 months, the average price target increased by 12.44% and increased by 12.44%, respectively.
What are Reliance Steel & Aluminum's analysts' financial forecasts?
Reliance Steel & Aluminum's analysts financial forecasts for the fiscal year (Mar 2024) are as follows: average revenue is $14.66B (high $14.85B, low $14.53B), average EBITDA is $2.21B (high $2.39B, low $2.04B), average net income is $1.4B (high $1.53B, low $1.28B), average SG&A $2.54B (high $2.7B, low $2.4B), and average EPS is $21.01 (high $21.45, low $20.68). RS's analysts financial forecasts for the fiscal year (Mar 2025) are as follows: average revenue is $13.64B (high $13.76B, low $13.51B), average EBITDA is $1.8B (high $1.82B, low $1.79B), average net income is $879.37M (high $926.1M, low $832.64M), average SG&A $2.42B (high $2.44B, low $2.4B), and average EPS is $15.48 (high $16.3, low $14.66).
Did the RS's actual financial results beat the analysts' financial forecasts?
Based on Reliance Steel & Aluminum's last annual report (Mar 2023), the company's revenue was $-9.6M, which missed the average analysts forecast of $16.35B by -100.06%. Apple's EBITDA was $680.5M, missing the average prediction of $2.32B by -70.62%. The company's net income was $379.5M, missing the average estimation of $1.66B by -77.15%. Apple's SG&A was $0, missing the average forecast of $2.57B by -100.00%. Lastly, the company's EPS was $6.46, missing the average prediction of $25.42 by -74.59%. In terms of the last quarterly report (Sep 2023), Reliance Steel & Aluminum's revenue was $3.62B, beating the average analysts' forecast of $3.61B by 0.34%. The company's EBITDA was $458.3M, missing the average prediction of $477.54M by -4.03%. Reliance Steel & Aluminum's net income was $295M, beating the average estimation of $284.19M by 3.80%. The company's SG&A was $626.9M, missing the average forecast of $640.83M by -2.17%. Lastly, the company's EPS was $5.05, beating the average prediction of $5 by 0.96%