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.
Investment analysts gave a few price targets for RS. The highest price target was 95, implying potential capital gains of 28.55 percent. The lowest price target was 64, implying a possible loss of -13.4 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -2.39 percent. That number becomes -13.79 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -2.15 percent. If we look at the last 90 days instead, we find a net average change of -5.59 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, 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. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. RS has a PEG ratio of 1.12.
In the trailing 52-weeks, RS hit 88.58 at the highest peak, while it's lowest trading point was 65.10. Today's price is 13.52 percent above the 52-week low, 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 market cap of RS is $5.55 billion. RS will post this quarters earnings in days, on 0000-00-00.