Reliance (NYSE:RS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Reliance (NYSE:RS) had its target price lifted by stock analysts at Wells Fargo & Company from $372.00 to $398.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective points to a potential downside of 1.91% from the stock’s current price.

RS has been the subject of a number of other research reports. BMO Capital Markets raised their target price on shares of Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a research note on Monday, April 27th. The Goldman Sachs Group began coverage on shares of Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. KeyCorp lifted their price target on Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Finally, Weiss Ratings raised shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $367.83.

Reliance Stock Up 5.1%

Reliance stock opened at $405.74 on Thursday. The firm has a market capitalization of $20.71 billion, a PE ratio of 25.58, a P/E/G ratio of 1.18 and a beta of 0.97. The company’s 50-day moving average is $385.48 and its 200-day moving average is $346.33. Reliance has a fifty-two week low of $260.31 and a fifty-two week high of $419.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24.

Reliance (NYSE:RS) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The business’s revenue was up 26.5% on a year-over-year basis. During the same period last year, the firm posted $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Sell-side analysts anticipate that Reliance will post 19.24 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the completion of the sale, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of Reliance

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Reliance by 4.5% during the 4th quarter. State Street Corp now owns 2,715,764 shares of the industrial products company’s stock worth $784,503,000 after buying an additional 118,009 shares in the last quarter. Boston Partners boosted its stake in shares of Reliance by 27.5% in the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after purchasing an additional 484,286 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Reliance by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock worth $479,870,000 after buying an additional 343,598 shares during the period. Geode Capital Management LLC raised its stake in Reliance by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 938,601 shares of the industrial products company’s stock worth $270,349,000 after buying an additional 2,549 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Reliance by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 735,212 shares of the industrial products company’s stock valued at $212,390,000 after buying an additional 55,344 shares during the period. Institutional investors own 79.26% of the company’s stock.

Key Stories Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance beat Q2 earnings and revenue estimates, with EPS of $6.27 and revenue of $4.63 billion, signaling stronger-than-expected demand and pricing. Reliance, Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised third-quarter 2026 EPS guidance to $6.40-$6.60, above the consensus estimate, which may support investor confidence in the outlook. Reliance, Inc. Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: The company declared a quarterly dividend of $1.25 per share, maintaining income appeal for shareholders, with a 1.3% annualized yield.
• Neutral Sentiment: Several follow-up reports highlighted the same earnings beat, but did not add materially new information beyond the initial results. Reliance tops Q2 estimates as border wall project boosts earnings
• Negative Sentiment: There are no major negative developments in the news flow provided, so sentiment appears driven primarily by the earnings beat and raised guidance.

Reliance Company Profile

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.