Reliance Steel & Aluminum Co. (RS)
NYSE: RS · IEX Real-Time Price · USD
294.62
-0.74 (-0.25%)
May 8, 2024, 3:04 PM EDT - Market open
RS Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for RS stock have an average target of 362.33, with a low estimate of 345 and a high estimate of 380. The average target predicts an increase of 22.98% from the current stock price of 294.62.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Hold | 3 | 3 | 3 | 3 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Buy Maintains $355 → $345 | Buy | Maintains | $355 → $345 | +17.10% | Apr 26, 2024 |
| Citigroup | Citigroup | Strong Buy → Hold Downgrades $280 → $380 | Strong Buy → Hold | Downgrades | $280 → $380 | +28.98% | Apr 11, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $295 → $355 | Buy | Maintains | $295 → $355 | +20.49% | Feb 20, 2024 |
| Keybanc | Keybanc | Buy Maintains $300 → $362 | Buy | Maintains | $300 → $362 | +22.87% | Feb 16, 2024 |
| Keybanc | Keybanc | Buy Maintains $290 → $285 | Buy | Maintains | $290 → $285 | -3.27% | Oct 27, 2023 |
Financial Forecast
Revenue This Year
14.62B
from 14.81B
Decreased by -1.26%
Revenue Next Year
14.57B
from 14.62B
Decreased by -0.31%
EPS This Year
20.59
from 22.64
Decreased by -9.07%
EPS Next Year
20.46
from 20.59
Decreased by -0.63%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.3B | 15.9B | 15.0B |
| Avg | 14.6B | 14.6B | 14.7B |
| Low | 13.4B | 13.3B | 14.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.7% | 8.5% | 3.1% |
| Avg | -1.3% | -0.3% | 1.1% |
| Low | -9.3% | -8.8% | -3.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.31 | 24.41 | 16.76 |
| Avg | 20.59 | 20.46 | 16.44 |
| Low | 18.10 | 15.44 | 15.64 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.4% | 18.6% | -18.1% |
| Avg | -9.1% | -0.6% | -19.6% |
| Low | -20.1% | -25.0% | -23.5% |
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.