Reliance Steel & Aluminum Co. with ticker code (RS) have now 8 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 280 and 215 calculating the mean target price we have $262.50. Given that the stocks previous close was at $256.18 this would imply there is now a potential upside of 2.5%. The 50 day moving average now sits at $239.32 while the 200 day moving average is $202.81. The company has a market capitalization of $15,114m. Company Website: https://www.rsac.com
The potential market cap would be $15,487m based on the market consensus.
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 1.56% with the ex dividend date set at 9-3-2023 (DMY).
Other points of data to note are a P/E ratio of 8.56, revenue per share of 281.13 and a 15.82% return on assets.
