Reliance (NYSE:RS) Price Target Raised to $287.00

Reliance (NYSE:RS) had its target price hoisted by Wells Fargo & Company from $284.00 to $287.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

A number of other equities analysts also recently commented on RS. Zacks Research downgraded shares of Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. BMO Capital Markets dropped their price target on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. JPMorgan Chase & Co. decreased their price objective on Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Monday, October 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Reliance in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Reliance has a consensus rating of “Hold” and an average target price of $323.00.

Reliance Price Performance

Shares of NYSE:RS opened at $269.82 on Friday. The firm has a market capitalization of $14.11 billion, a PE ratio of 19.72, a PEG ratio of 1.46 and a beta of 0.90. The company has a current ratio of 4.43, a quick ratio of 2.08 and a debt-to-equity ratio of 0.19. Reliance has a 1-year low of $250.07 and a 1-year high of $347.43. The business’s 50 day moving average is $280.67 and its 200-day moving average is $295.80.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.04). Reliance had a return on equity of 10.37% and a net margin of 5.23%.The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period last year, the business earned $3.64 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Sell-side analysts predict that Reliance will post 16.98 earnings per share for the current year.

Reliance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. Reliance’s dividend payout ratio (DPR) is presently 35.09%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. TCTC Holdings LLC raised its position in Reliance by 138.9% in the 1st quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Reliance by 417.6% in the second quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after buying an additional 71 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Reliance in the first quarter valued at about $29,000. Guerra Advisors Inc acquired a new position in Reliance during the 3rd quarter worth about $34,000. Finally, Root Financial Partners LLC acquired a new position in shares of Reliance during the third quarter worth approximately $38,000. 79.26% of the stock is owned by institutional investors and hedge funds.

About Reliance

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.