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 price target was 95, implying a possible profit of 28.55 percent. The minimum price target given was 64, implying potential capital losses of -13.4 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -2.39 percent. 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.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 1 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.
RS has an estimated earnings growth rate of 14.91 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, 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. The PEG ratio of RS is 1.12.
RS has a 52-week high of 88.58 and a 52-week low of 65.10. Currently the stock is 13.52 percent higher than its 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 stock has a market capitalization of $5.55 billion. RS will post this quarters earnings in days, on 0000-00-00.