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.
Several price targets were given for RS by the analysts covering the stock. The most optimistic analyst gave a price target of 95, implying potential capital gains of 28.55 percent. The minimum price target given was 64, implying a possible loss of -13.4 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates downwards for this quarter, by about -2.39 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -13.79 percent. 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, which can be compared to the 1 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.
The growth rate of RS's earnings is estimated by analysts to be 14.91 percent. The PEG ratio of a stock is another value frequently studied by investors. 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. 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's next earnings release will be on 0000-00-00, which is days away.