Reliance Steel (RS) Gets a Buy Rating from KeyBanc


KeyBanc analyst Philip Gibbs maintained a Buy rating on Reliance Steel (NYSE: RS) today and set a price target of $97. The company’s shares closed on Friday at $85.27.

According to TipRanks.com, Gibbs is a 1-star analyst with an average return of -0.5% and a 50.0% success rate. Gibbs covers the Basic Materials sector, focusing on stocks such as Allegheny Technologies, Timkensteel Corp, and Steel Dynamics.

Currently, the analyst consensus on Reliance Steel is a Moderate Buy with an average price target of $97.33.

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Reliance Steel’s market cap is currently $6.17B and has a P/E ratio of 7.84. The company has a Price to Book ratio of 1.25.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Reliance Steel & Aluminum Co. engages in processing and distributing of metal products. Its products include alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products.

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