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 most pessimistic analyst gave a price target of 64, which equates to a potential downside of -13.4 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. Meanwhile, fiscal year estimates have been revised downwards by -2.15 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -5.59 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts made negative revisions. 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, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of RS is 1.12.
RS has traded between a high of 88.58 and a low of 65.10 over the past year. The current market price is above the trailing year's low by 13.52 percent, and below the high by 16.57 percent. RS has a P/E 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 stock has a market capitalization of $5.55 billion. RS will post this quarters earnings in days, on 0000-00-00.