Reliance Steel & Aluminum Co. with ticker code (RS) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 233 and 207 calculating the average target price we see 219.54. With the stocks previous close at 186.33 this would indicate that there is a potential upside of 17.8%. The 50 day MA is 180.63 and the 200 moving average now moves to 173.09. The market capitalisation for the company is $11,786m. Company Website: https://www.rsac.com
The potential market cap would be $13,886m based on the market concensus.
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 also distributes non-ferrous metals products and tubular building products; and manufactures specialty extruded metals, fabricated parts, and welded components. As of December 31, 2021, the company operated a network of approximately 315 locations in 40 states in the United States and 13 in other countries. 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 headquartered in Los Angeles, California.
