Reliance, Inc. (RS)
NYSE: RS · Real-Time Price · USD
277.11
-3.50 (-1.25%)
Sep 18, 2024, 4:00 PM EDT - Market closed
Reliance Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Reliance stock have an average target of 350, with a low estimate of 325 and a high estimate of 380. The average target predicts an increase of 26.30% from the current stock price of 277.11.
Analyst Consensus: Hold
* Price targets were last updated on Jul 3, 2024.
Analyst Ratings
The average analyst rating for Reliance stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Hold → Sell Downgrades n/a | Hold → Sell | Downgrades | n/a | n/a | Jul 26, 2024 |
| Keybanc | Keybanc | Buy Maintains $341 → $325 | Buy | Maintains | $341 → $325 | +17.28% | Jul 3, 2024 |
| B of A Securities | B of A Securities | Hold Maintains $340 → $335 | Hold | Maintains | $340 → $335 | +20.89% | Jun 26, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $355 → $345 | Buy | Maintains | $355 → $345 | +24.50% | Apr 26, 2024 |
| Citigroup | Citigroup | Strong Buy → Hold Downgrades $280 → $380 | Strong Buy → Hold | Downgrades | $280 → $380 | +37.13% | Apr 11, 2024 |
Financial Forecast
Revenue This Year
14.38B
from 14.81B
Decreased by -2.86%
Revenue Next Year
14.70B
from 14.38B
Increased by 2.18%
EPS This Year
17.84
from 22.64
Decreased by -21.18%
EPS Next Year
18.91
from 17.84
Increased by 5.97%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.7B | 15.2B | 15.3B |
| Avg | 14.4B | 14.7B | 15.0B |
| Low | 13.6B | 13.7B | 14.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.5% | 5.4% | 4.1% |
| Avg | -2.9% | 2.2% | 2.1% |
| Low | -7.9% | -4.6% | -2.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 18.45 | 21.58 | 18.99 |
| Avg | 17.84 | 18.91 | 18.43 |
| Low | 16.71 | 15.73 | 17.35 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -18.5% | 20.9% | 0.4% |
| Avg | -21.2% | 6.0% | -2.5% |
| Low | -26.2% | -11.9% | -8.3% |
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.