Reliance Steel & Aluminum Co. (RS)
NYSE: RS · IEX Real-Time Price · USD
304.12
-3.84 (-1.25%)
At close: Jul 19, 2024, 4:00 PM
304.58
+0.46 (0.15%)
Pre-market: Jul 22, 2024, 7:07 AM EDT
RS Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for RS stock have an average target of 346.25, with a low estimate of 325 and a high estimate of 380. The average target predicts an increase of 13.85% from the current stock price of 304.12.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for RS stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 3 | 3 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keybanc | Keybanc | Buy Maintains $341 → $325 | Buy | Maintains | $341 → $325 | +6.87% | Jul 3, 2024 |
| B of A Securities | B of A Securities | Hold Maintains $340 → $335 | Hold | Maintains | $340 → $335 | +10.15% | Jun 26, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $355 → $345 | Buy | Maintains | $355 → $345 | +13.44% | Apr 26, 2024 |
| Citigroup | Citigroup | Strong Buy → Hold Downgrades $280 → $380 | Strong Buy → Hold | Downgrades | $280 → $380 | +24.95% | Apr 11, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $295 → $355 | Buy | Maintains | $295 → $355 | +16.73% | Feb 20, 2024 |
Financial Forecast
Revenue This Year
14.47B
from 14.81B
Decreased by -2.28%
Revenue Next Year
14.62B
from 14.47B
Increased by 1.07%
EPS This Year
19.59
from 22.64
Decreased by -13.49%
EPS Next Year
19.99
from 19.59
Increased by 2.07%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.9B | 15.3B | 15.8B |
| Avg | 14.5B | 14.6B | 15.1B |
| Low | 13.4B | 13.2B | 14.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.8% | 5.9% | 8.0% |
| Avg | -2.3% | 1.1% | 3.4% |
| Low | -9.2% | -8.9% | -4.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 20.59 | 22.32 | 18.96 |
| Avg | 19.59 | 19.99 | 17.85 |
| Low | 17.54 | 16.91 | 16.27 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -9.1% | 14.0% | -5.2% |
| Avg | -13.5% | 2.1% | -10.7% |
| Low | -22.5% | -13.7% | -18.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.