Reliance Steel & Aluminum Co. with ticker code (RS) now have 8 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 211 and 165 with the average target price sitting at 190.13. Given that the stocks previous close was at 191.03 this is indicating there is a potential downside of -.5%. There is a 50 day moving average of 170.3 and the 200 day moving average is 157.81. The company has a market capitalisation of $11,816m. Visit the company website at: https://www.rsac.com
The potential market cap would be $11,761m 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, luding 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 lude small machine shops and fabricators. The company was founded in 1939 and is headquartered in Los Angeles, California.
