Analyst Ratings for Reliance Steel & Aluminum Co. (RS)

Updated: 2017-07-26

Shares of Reliance Steel & Aluminum Co. (NYSE:RS) have received a consensus rating of Overweight from Wall Street analysts. RS had previously received a consensus rating of Overweight a month ago.

Of the 10 analysts covering the stock, 5 gave it a buy rating, 1 issued an overweight rating, 4 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for RS. The most optimistic analyst gave a price target of 95, implying a possible profit of 28.55 percent. The minimum price target given was 64, implying potential capital losses of -13.4 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -2.39 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -13.79 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -2.15 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -5.59 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.

The growth rate of RS's earnings is estimated by analysts to be 14.91 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. RS has a PEG ratio of 1.12.

RS has traded between a high of 88.58 and a low of 65.10 over the past year. Currently the stock is 13.52 percent higher than its low, and 16.57 percent below the high. RS has a price/earnings ratio of 16.72. Investors typically compare the P/E ratio to a company's peers in the industry. The RS value stock report compares RS to some of its peers using value stock charts. The market cap of RS is $5.55 billion. RS is estimated to release their earnings results for the quarter on 0000-00-00, days from today.