News articles about Reliance Steel & Aluminum (NYSE:RS) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Reliance Steel & Aluminum earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 47.0123115447634 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Brokers Set Expectations for Reliance Steel & Aluminum Co.’s Q4 2017 Earnings (RS) (americanbankingnews.com)
- Reliance Steel & Aluminum Co. (RS) to Post FY2018 Earnings of $6.85 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
- FY2017 Earnings Estimate for Reliance Steel & Aluminum Co. (RS) Issued By Jefferies Group (americanbankingnews.com)
- Reliance Steel & Aluminum Co. (RS) Touches $88.43 High on Jan, 5; US Physical Therapy (USPH)’s Sentiment Is 1.29 – Hill Country Times (hillcountrytimes.com)
- Best Rated NYSE Materials Dividend Stocks (finance.yahoo.com)
Several equities analysts have weighed in on the company. Zacks Investment Research raised Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Monday, October 16th. Cowen reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Reliance Steel & Aluminum in a report on Friday, November 3rd. ValuEngine raised Reliance Steel & Aluminum from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Bank of America set a $97.00 price objective on Reliance Steel & Aluminum and gave the company a “buy” rating in a report on Monday, January 8th. Finally, KeyCorp reissued a “buy” rating and set a $84.00 price target on shares of Reliance Steel & Aluminum in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $83.50.
Shares of Reliance Steel & Aluminum (NYSE RS) traded down $0.38 on Friday, reaching $90.45. The company’s stock had a trading volume of 334,825 shares, compared to its average volume of 374,634. Reliance Steel & Aluminum has a fifty-two week low of $68.46 and a fifty-two week high of $91.24. The company has a current ratio of 4.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.43. The firm has a market cap of $6,595.16, a PE ratio of 17.81, a PEG ratio of 1.62 and a beta of 1.29.
Reliance Steel & Aluminum (NYSE:RS) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.11. Reliance Steel & Aluminum had a return on equity of 8.61% and a net margin of 3.97%. The firm had revenue of $2.45 billion for the quarter. During the same quarter last year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. equities analysts forecast that Reliance Steel & Aluminum will post 5.21 earnings per share for the current fiscal year.
In other Reliance Steel & Aluminum news, SVP William A. Smith II sold 1,123 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $82.69, for a total value of $92,860.87. Following the sale, the senior vice president now owns 15,320 shares in the company, valued at approximately $1,266,810.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.73% of the company’s stock.
About Reliance Steel & Aluminum
Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).
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