Reliance (NYSE:RS) Stock Gets Price Target Increase from Citigroup

Reliance (NYSE:RS) had its price target boosted by research analysts at Citigroup from $420.00 to $460.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Citigroup‘s price target points to a potential upside of 10.37% from the stock’s current price.

A number of other research analysts also recently weighed in on RS. BMO Capital Markets upped their price objective on shares of Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Wall Street Zen upgraded Reliance from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 31st. Weiss Ratings lowered Reliance from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. JPMorgan Chase & Co. upped their price target on Reliance from $400.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. Finally, KeyCorp increased their price target on Reliance from $421.00 to $437.00 and gave the stock an “overweight” rating in a research report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $407.75.

Reliance Stock Performance

Shares of NYSE RS traded up $2.75 during midday trading on Friday, reaching $416.79. 326,260 shares of the stock were exchanged, compared to its average volume of 342,283. The firm has a market cap of $21.23 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 0.91 and a beta of 0.95. Reliance has a twelve month low of $263.12 and a twelve month high of $454.93. The firm has a 50-day simple moving average of $404.39 and a two-hundred day simple moving average of $370.58. The company has a quick ratio of 2.22, a current ratio of 4.12 and a debt-to-equity ratio of 0.21.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, October 21st. The industrial products company reported $8.02 earnings per share for the quarter, beating the consensus estimate of $6.83 by $1.19. Reliance had a net margin of 6.38% and a return on equity of 15.31%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same period in the previous year, the firm earned $3.64 EPS. The business’s quarterly revenue was up 42.8% on a year-over-year basis. As a group, analysts anticipate that Reliance will post 25.68 EPS for the current fiscal year.

Insider Transactions at Reliance

In other Reliance news, COO Stephen Koch sold 8,334 shares of the stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $430.87, for a total transaction of $3,590,870.58. Following the transaction, the chief operating officer directly owned 8,209 shares of the company’s stock, valued at $3,537,011.83. This trade represents a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Childress Capital Advisors LLC increased its holdings in shares of Reliance by 4.9% in the third quarter. Childress Capital Advisors LLC now owns 600 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 28 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in Reliance by 4.9% during the third quarter. Citizens Financial Group Inc. RI now owns 616 shares of the industrial products company’s stock worth $237,000 after buying an additional 29 shares in the last quarter. Parallel Advisors LLC boosted its stake in Reliance by 1.7% during the first quarter. Parallel Advisors LLC now owns 1,908 shares of the industrial products company’s stock worth $580,000 after buying an additional 31 shares during the last quarter. Greenleaf Trust boosted its stake in Reliance by 2.0% during the second quarter. Greenleaf Trust now owns 1,614 shares of the industrial products company’s stock worth $603,000 after buying an additional 32 shares during the last quarter. Finally, Keybank National Association OH boosted its stake in Reliance by 2.6% during the third quarter. Keybank National Association OH now owns 1,602 shares of the industrial products company’s stock worth $616,000 after buying an additional 41 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Key Stories Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks lifted its FY2026 EPS forecast to $26.86 from $22.57 and its Q4 2026 estimate to $7.41 from $4.64. It also raised FY2027 EPS to $24.29 from $21.24, with higher forecasts for Q1 and Q4 2027. These upgrades signal improved expectations for near-term earnings. Analyst predictions for Reliance Q4 earnings
• Neutral Sentiment: Forecast changes for 2028 were mixed: Zacks raised its full-year EPS estimate to $19.13 from $18.09 but trimmed its Q2 estimate to $4.45 from $4.66. This offers a less uniform picture further out.
• Neutral Sentiment: Some headlines about Reliance Jio’s low-cost 5G data plan and Reliance in India’s biscuit market concern separate Indian businesses, not Reliance, Inc. (RS), and are not direct catalysts for this stock. Jio 5G data pack article
• Negative Sentiment: A separate analyst roundup reports a consensus price target of $400.29, which could be a valuation caution if it is below the stock’s recent trading level. Reliance consensus target price article

Reliance Company Profile

Reliance, Inc (NYSE: RS) is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.

The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.

Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.