Reliance Steel & Aluminum Co. with ticker code (RS) have now 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 200 and 156 with the average target price sitting at 177.25. Given that the stocks previous close was at 160.73 this indicates there is a potential upside of 10.3%. The day 50 moving average is 160.18 and the 200 day MA is 156.3. The market capitalisation for the company is $9,451m. Visit the company website at: https://www.rsac.com
The potential market cap would be $10,422m based on the market concensus.
Reliance Steel & Aluminum Co. operates as a metals service center company. The company provides alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products and processing services to general manufacturing, non-residential construction, transportation, aerospace and defense, energy, electronics and semiconductor fabrication, and heavy industries. It also offers precision sheet metal fabrication services, including laser cutting, stamping, turret punching, machining, and powder coating and welding; and toll processing and logistics services. The company operated approximately 300 metals service center processing and distribution facilities in 40 states in the United States and 13 in other countries. It sells its products directly to large original equipment manufacturers, and small machine shops, and fabricators. The company operates in the United States, Australia, Belgium, Canada, China, France, India, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates, and the United Kingdom. Reliance Steel & Aluminum Co. was founded in 1939 and is headquartered in Los Angeles, California.
