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 -12.30% downside from RS’s last price of $316.43) 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 -12.30% downside from RS's last price of $316.43.
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% | 2.71% |
| Apr 29, 2022 | - | Citigroup | $230.00 | $200.06 | 14.97% | -27.31% |
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 2.71% increase from RS last price ($316.43).
Reliance Steel & Aluminum Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $325.00 | $325.00 |
| Last Closing Price | $316.43 | $316.43 | $316.43 |
| Upside/Downside | -100.00% | 2.71% | 2.71% |
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 $316.43. This month's average price target is down -100.00% compared to last quarter, and down -100.00% 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 | $3.32B | $3.47B | $3.56B | $3.48B | $3.09B | $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 | $3.60B | $3.52B | $3.11B | $3.38B | $3.64B | $3.76B | $3.36B | $3.67B | $4.03B | $3.98B | $3.72B | $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 | $3.26B | $3.40B | $3.49B | $3.42B | $3.08B | $3.38B | $3.64B | $3.76B | $3.30B | $3.57B | $3.91B | $3.86B | $3.60B | $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 | 4 | 2 | 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 $3.36B. 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 | 4 | 2 | 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 | $444.26M | $464.20M | $476.10M | $465.35M | $414.38M | $452.45M | $487.97M | $765.27M | $443.77M | $483.43M | $532.67M | $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 | $450.37M | $470.59M | $482.65M | $471.94M | $417.03M | $452.98M | $487.97M | $918.32M | $449.88M | $491.51M | $539.99M | $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 | $436.28M | $455.86M | $467.55M | $457.44M | $411.73M | $451.93M | $487.97M | $612.21M | $442.42M | $478.38M | $523.10M | $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 % | - | - | - | - | - | - | - | - | - | 0.95% | 1.09% | 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 $443.77M, with a high of $449.88M and a low of $442.42M. This is -3.17% 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 | 4 | 2 | 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 | $207.48M | $230.32M | $238.04M | $225.40M | $153.91M | $201.73M | $261.22M | $519.68M | $216.23M | $276.03M | $361.61M | $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 | $211.19M | $234.44M | $242.30M | $240.39M | $154.45M | $203.42M | $261.22M | $623.62M | $224.63M | $283.76M | $368.07M | $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 | $202.64M | $224.94M | $232.48M | $210.42M | $152.28M | $200.04M | $261.21M | $415.74M | $213.42M | $271.06M | $353.16M | $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 % | - | - | - | - | - | - | - | - | - | 1.07% | 1.06% | 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 $216.23M, with a range of $213.42M to $224.63M. RS's average Quarter net income forecast represents a -26.70% 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 | 4 | 2 | 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 | $588.91M | $615.35M | $631.13M | $616.87M | $549.31M | $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 | $597.01M | $623.81M | $639.81M | $625.60M | $552.82M | $600.47M | $646.85M | $729.20M | $596.36M | $651.55M | $715.82M | $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 | $578.33M | $604.29M | $619.79M | $606.38M | $545.80M | $599.08M | $646.85M | $486.13M | $586.47M | $634.14M | $693.42M | $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 $596.36M. 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 | 4 | 2 | 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 | $3.76 | $4.17 | $4.31 | $4.08 | $2.79 | $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 | $3.83 | $4.25 | $4.39 | $4.36 | $2.80 | $3.69 | $4.73 | $5.53 | $4.07 | $5.14 | $6.67 | $5.83 | $4.55 | $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 | $3.67 | $4.08 | $4.21 | $3.81 | $2.76 | $3.63 | $4.73 | $5.53 | $3.87 | $4.91 | $6.40 | $5.60 | $4.37 | $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% | - |
| CLF | Cleveland-Cliffs | $11.88 | $19.85 | 67.09% | Buy |
| GGB | Gerdau | $3.39 | $5.00 | 47.49% | Buy |
| MT | ArcelorMittal | $25.29 | $36.87 | 45.79% | Buy |
| PKX | POSCO | $54.40 | $77.00 | 41.54% | Hold |
| NUE | Nucor | $149.99 | $150.11 | 0.08% | Hold |
| CMC | Commercial Metals Company | $60.44 | $59.75 | -1.14% | Buy |
| STLD | Steel Dynamics | $144.96 | $134.00 | -7.56% | Buy |
| X | United States Steel | $40.51 | $36.07 | -10.96% | Buy |
| RS | Reliance Steel & Aluminum | $316.43 | $277.50 | -12.30% | Buy |
| USAP | Universal Stainless & Alloy Products | $44.17 | $36.00 | -18.50% | Hold |