Reliance Steel & Aluminum Co. – Consensus Indicates Potential 5.6% Upside

Broker Ratings

Reliance Steel & Aluminum Co. which can be found using ticker (RS) have now 8 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 280 and 215 calculating the mean target price we have $262.50. Given that the stocks previous close was at $248.69 this would imply there is now a potential upside of 5.6%. The 50 day MA is $231.16 and the 200 moving average now moves to $200.19. The market capitalization for the company is $14,832m. Find out more information at:

The potential market cap would be $15,656m based on the market consensus.

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Reliance Steel & Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was founded in 1939 and is based in Scottsdale, Arizona.

The company has a dividend yield of 1.61% with the ex dividend date set at 9-3-2023 (DMY).

Other points of data to note are a P/E ratio of 8.31, revenue per share of 281.13 and a 15.82% return on assets.

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