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 $230.00 (represents a -17.24% downside from RS’s last price of $277.90) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
RS Price Target
The average price target for Reliance Steel & Aluminum (RS) is $230.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $230.00 to $230.00. This represents a potential -17.24% downside from RS's last price of $277.90.
RS Analyst Ratings
According to 2 Wall Street analysts, Reliance Steel & Aluminum's rating consensus is 'Buy'. The analyst rating breakdown for RS stock is 0 'Strong Buy' (0.00%), 2 '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 |
|---|---|---|---|---|---|---|
| Apr 29, 2022 | - | Citigroup | $230.00 | $200.06 | 14.97% | -17.24% |
The latest Reliance Steel & Aluminum stock forecast, released on Apr 29, 2022 by Citigroup company, set a price target of $230.00, which represents a 14.97% increase from the stock price at the time of the forecast ($200.06), and a -17.24% decrease from RS last price ($277.90).
Reliance Steel & Aluminum Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $277.90 | $277.90 | $277.90 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Reliance Steel & Aluminum stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Reliance Steel & Aluminum's last price of $277.90. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 Wolfe Research on Jul 26, 2024. The company Downgrade its RS rating from "Outperform" to "Underperform".
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 | Jul 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $3.62B | $3.88B | $3.97B | $3.61B | $4.25B | - | $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 | $2.81B | $2.97B |
| Avg Forecast | $3.26B | $3.42B | $3.60B | $3.59B | $3.23B | $3.39B | $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 | $4.48B | $3.31B |
| High Forecast | $3.30B | $3.46B | $3.64B | $3.63B | $3.27B | $3.43B | $3.69B | $3.80B | $3.35B | $3.67B | $4.03B | $3.97B | $3.71B | $4.18B | $4.62B | $4.24B | $3.90B | $3.87B | $3.25B | $2.85B | $2.23B | $2.19B | $2.04B | $2.73B | $2.55B | $2.73B | $3.00B | $3.04B | $5.38B | $3.97B |
| Low Forecast | $3.24B | $3.39B | $3.57B | $3.56B | $3.21B | $3.36B | $3.62B | $3.73B | $3.30B | $3.57B | $3.95B | $3.90B | $3.64B | $4.10B | $4.62B | $4.00B | $3.68B | $3.65B | $3.07B | $2.69B | $2.11B | $2.07B | $1.92B | $2.57B | $2.40B | $2.58B | $2.83B | $2.87B | $3.59B | $2.65B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 5 | 7 | 18 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.00% | 0.98% | 1.01% | 0.98% | 1.03% | - | 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% | 0.63% | 0.90% |
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 $3.35B. 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 | Jul 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 5 | 7 | 18 |
| EBITDA | - | - | - | - | - | - | - | - | - | $458.30M | $581.40M | $580.50M | $523.50M | $600.00M | - | $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 | $269.30M | $268.30M |
| Avg Forecast | $431.26M | $452.07M | $475.91M | $474.45M | $427.22M | $447.98M | $482.02M | $765.27M | $438.37M | $477.54M | $526.18M | $695.70M | $485.09M | $641.96M | $610.77M | $632.45M | $421.06M | $583.60M | $504.64M | $359.40M | $318.37M | $166.36M | $242.90M | $129.83M | $230.56M | $226.50M | $306.44M | $271.93M | $369.50M | $295.23M |
| High Forecast | $436.43M | $457.50M | $481.62M | $480.14M | $432.35M | $453.36M | $487.81M | $918.32M | $443.63M | $485.52M | $532.49M | $834.84M | $490.91M | $770.35M | $610.77M | $758.94M | $505.28M | $700.32M | $605.56M | $431.28M | $382.04M | $199.63M | $291.48M | $155.80M | $276.67M | $271.80M | $367.73M | $326.31M | $443.41M | $354.28M |
| Low Forecast | $428.18M | $448.85M | $472.52M | $471.07M | $424.18M | $444.79M | $478.58M | $612.21M | $437.03M | $472.55M | $522.43M | $556.56M | $481.63M | $513.57M | $610.77M | $505.96M | $336.85M | $466.88M | $403.71M | $287.52M | $254.69M | $133.09M | $194.32M | $103.87M | $184.45M | $181.20M | $245.15M | $217.54M | $295.60M | $236.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.96% | 1.10% | 0.83% | 1.08% | 0.93% | - | 1.22% | 1.47% | 1.03% | 1.02% | 1.20% | 1.00% | 1.19% | 0.71% | 1.20% | 1.54% | 1.29% | 1.05% | 1.22% | 0.73% | 0.91% |
3 analysts predict RS's average Quarter EBITDA for Dec 23 to be $438.37M, with a high of $443.63M 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 | Jul 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 5 | 7 | 18 |
| Net Income | - | - | - | - | - | - | - | - | - | $295.00M | $385.10M | $383.10M | $350.50M | $393.50M | - | $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 | $85.60M | $148.30M |
| Avg Forecast | $213.89M | $249.47M | $264.17M | $261.76M | $205.09M | $213.36M | $271.69M | $519.68M | $224.89M | $287.10M | $376.10M | $472.44M | $256.82M | $420.64M | $522.95M | $429.49M | $286.03M | $382.40M | $321.11M | $222.92M | $130.24M | $81.84M | $112.28M | $51.42M | $107.40M | $125.99M | $173.87M | $155.61M | $117.45M | $163.19M |
| High Forecast | $217.22M | $253.36M | $268.29M | $265.85M | $208.29M | $216.22M | $275.92M | $623.62M | $233.63M | $295.13M | $381.97M | $566.92M | $260.82M | $504.77M | $522.95M | $515.38M | $343.23M | $458.88M | $385.33M | $267.51M | $156.29M | $98.21M | $134.74M | $61.70M | $128.88M | $151.19M | $208.65M | $186.73M | $140.94M | $195.82M |
| Low Forecast | $211.90M | $247.16M | $261.72M | $259.34M | $203.18M | $210.50M | $269.17M | $415.74M | $221.98M | $281.93M | $372.61M | $377.95M | $254.43M | $336.51M | $522.95M | $343.59M | $228.82M | $305.92M | $256.88M | $178.34M | $104.19M | $65.47M | $89.82M | $41.13M | $85.92M | $100.79M | $139.10M | $124.49M | $93.96M | $130.55M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.03% | 1.02% | 0.81% | 1.36% | 0.94% | - | 1.22% | 1.48% | 1.03% | 1.02% | 1.20% | 1.00% | 1.19% | 0.71% | 1.20% | 1.54% | 1.29% | 1.05% | 1.22% | 0.73% | 0.91% |
Reliance Steel & Aluminum's average Quarter net income forecast for Dec 23 is $224.89M, with a range of $221.98M to $233.63M. RS's average Quarter net income forecast represents a -23.77% 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 | Jul 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 5 | 7 | 18 |
| SG&A | - | - | - | - | - | - | - | - | - | $626.90M | $650.60M | $651.30M | $613.60M | $630.10M | - | $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 | $517.60M | $531.00M |
| Avg Forecast | $578.73M | $606.66M | $638.65M | $636.69M | $573.31M | $601.17M | $646.85M | $607.67M | $588.27M | $640.83M | $706.11M | $552.42M | $650.96M | $645.04M | $819.62M | $502.20M | $419.50M | $586.40M | $549.62M | $433.07M | $479.36M | $376.66M | $613.90M | $435.58M | $341.14M | $401.66M | $504.62M | $435.56M | $710.20M | $584.30M |
| High Forecast | $585.67M | $613.94M | $646.32M | $644.33M | $580.19M | $608.38M | $654.61M | $729.20M | $595.33M | $651.55M | $714.58M | $662.91M | $658.77M | $774.05M | $819.62M | $602.64M | $503.40M | $703.68M | $659.54M | $519.68M | $575.23M | $451.99M | $736.68M | $522.70M | $409.37M | $481.99M | $605.55M | $522.67M | $852.23M | $701.16M |
| Low Forecast | $574.60M | $602.33M | $634.10M | $632.15M | $569.22M | $596.88M | $642.24M | $486.13M | $586.47M | $634.14M | $701.07M | $441.94M | $646.32M | $516.03M | $819.62M | $401.76M | $335.60M | $469.12M | $439.69M | $346.45M | $383.49M | $301.33M | $491.12M | $348.47M | $272.91M | $321.33M | $403.70M | $348.45M | $568.16M | $467.44M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.98% | 0.92% | 1.18% | 0.94% | 0.98% | - | 1.22% | 1.47% | 1.03% | 1.02% | 1.20% | 1.00% | 1.19% | 0.71% | 1.20% | 1.54% | 1.29% | 1.05% | 1.22% | 0.73% | 0.91% |
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 $595.33M. 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 | Jul 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 5 | 7 | 18 |
| EPS | - | - | - | - | - | - | - | - | - | $5.05 | $6.56 | $6.51 | $5.97 | $6.55 | - | $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 | $1.23 | $2.06 |
| Avg Forecast | $3.73 | $4.35 | $4.60 | $4.56 | $3.57 | $3.72 | $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 | $2.36 | $2.96 |
| High Forecast | $3.78 | $4.41 | $4.67 | $4.63 | $3.63 | $3.77 | $4.81 | $5.62 | $4.07 | $5.14 | $6.66 | $5.82 | $4.54 | $6.28 | $9.03 | $7.38 | $5.39 | $6.13 | $5.05 | $3.63 | $2.09 | $1.66 | $0.42 | $2.17 | $1.79 | $2.01 | $2.66 | $2.45 | $2.83 | $3.55 |
| Low Forecast | $3.69 | $4.31 | $4.56 | $4.52 | $3.54 | $3.67 | $4.69 | $5.48 | $3.87 | $4.91 | $6.49 | $5.68 | $4.43 | $6.13 | $9.03 | $6.84 | $5.00 | $5.68 | $4.68 | $3.37 | $1.94 | $1.54 | $0.39 | $2.01 | $1.66 | $1.87 | $2.47 | $2.27 | $1.89 | $2.37 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.01% | 1.00% | 1.14% | 1.33% | 1.06% | - | 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% | 0.52% | 0.70% |
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% | - |
| CLF | Cleveland-Cliffs | $11.91 | $19.85 | 66.67% | Buy |
| MT | ArcelorMittal | $22.73 | $36.87 | 62.21% | Buy |
| GGB | Gerdau | $3.37 | $5.00 | 48.37% | Buy |
| CMC | Commercial Metals Company | $51.19 | $58.33 | 13.95% | Buy |
| STLD | Steel Dynamics | $112.84 | $128.00 | 13.43% | Hold |
| PKX | POSCO | $69.00 | $77.00 | 11.59% | Hold |
| NUE | Nucor | $143.59 | $159.13 | 10.82% | Hold |
| X | United States Steel | $36.07 | $36.45 | 1.05% | Buy |
| USAP | Universal Stainless & Alloy Products | $38.09 | $36.00 | -5.49% | Buy |
| RS | Reliance Steel & Aluminum | $277.90 | $230.00 | -17.24% | Buy |
RS Forecast FAQ
Is Reliance Steel & Aluminum a good buy?
Yes, according to 2 Wall Street analysts, Reliance Steel & Aluminum (RS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 '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 $230 with a range of $230 to $230, implying a -17.24% from its last price of $277.9. The data is based on 2 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 -17.24% (from the last price of $277.9 to the average price target of $230), down by -17.24% based on the highest stock price target, and down by -17.24% based on the lowest stock price target.
Can Reliance Steel & Aluminum stock reach $400?
RS's average twelve months analyst stock price target of $230 does not support the claim that Reliance Steel & Aluminum can reach $400 in the near future.
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 $14.56B), average EBITDA is $2.21B (high $2.38B, low $2.04B), average net income is $1.41B (high $1.53B, low $1.29B), average SG&A $2.54B (high $2.69B, low $2.41B), and average EPS is $21.01 (high $21.49, low $20.75). RS's analysts financial forecasts for the fiscal year (Mar 2025) are as follows: average revenue is $13.85B (high $14.02B, low $13.75B), average EBITDA is $1.83B (high $1.85B, low $1.82B), average net income is $951.89M (high $966.27M, low $942.19M), average SG&A $2.46B (high $2.49B, low $2.44B), and average EPS is $16.59 (high $16.84, low $16.42).
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 $2.43B by -72.04%. The company's net income was $379.5M, missing the average estimation of $1.67B by -77.31%. Apple's SG&A was $0, missing the average forecast of $2.67B 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 $287.1M by 2.75%. 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%