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Price
Target price
€269.30

€269.30

2.740%
7.2
2.740%
€301.57
 
11.07.24 / Tradegate WKN: 892629 / Symbol: RS / Name: Reliance / Stock / Metals & Mining / Mid Cap /
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Reliance Steel & Aluminum Corp. Stock

There is an upward development for Reliance Steel & Aluminum Corp. compared to yesterday, with an increase of €7.20 (2.740%).
With 8 Buy predictions and not the single Sell prediction the community is currently very high on Reliance Steel & Aluminum Corp..
As a result the target price of 301 € shows a slightly positive potential of 11.77% compared to the current price of 269.3 € for Reliance Steel & Aluminum Corp..
Criterium "Worthwhile Investment for the next years" is seen as the biggest plus for Reliance Steel & Aluminum Corp. stock. Negative votes have not been in the majority for any criteria for this stock

Reliance (Symbol RS) is a listed Indian multinational conglomerate company that has diversified business interests in technology, energy, retail, and telecommunications industries. It was founded by Dhirubhai Ambani in 1966 and has its headquarters in Mumbai, India. The company is one of the largest companies in India by market capitalization and operates in over 40 countries with more than 270,000 employees. It is known for its various product and service offerings, including Reliance Jio, which is a leading telecommunications provider in India, and Reliance Retail, which is the largest retailer in India.

Pros and Cons of Reliance Steel & Aluminum Corp. in the next few years

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Performance of Reliance Steel & Aluminum Corp. vs. its peers

Security Change(%) 1w 1m 1y YTD 3y 5y
Reliance Steel & Aluminum Corp. 2.740% 2.943% 2.943% 4.380% 5.195% - -
Cleveland-Cliffs Inc. 3.120% -1.001% 3.818% -4.516% -22.387% -22.959% 52.730%
Worthington Industries Inc. -1.030% 0.187% -11.975% -32.470% -17.967% -17.413% -
Carpenter Technology 0.500% 1.531% 3.109% 99.000% 54.264% 194.379% 152.538%

sharewise BeanCounterBot

The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2023-05-05

The financials of Reliance (RS), a company in the Metals & Mining industry, indicate a generally positive outlook over recent years. The company's financials demonstrate consistent growth in total assets, revenue, and net income. A brief analysis of the balance sheets, cash flow statements, and income statements implies that the company has a strong foundation with room for further growth.

Growth in Total Assets and Equity: From 2020 to 2022, Reliance saw a notable increase in total assets, from $8.1 billion to $10.3 billion. Stockholders' equity also grew, reaching $7.08 billion in 2022 from $5.12 billion in 2020. This suggests that the company's overall financial stability and strength has continued to improve over the years.

Increasing Revenue and Net Income: Between 2020 and 2022, the company's revenue grew from $8.8 billion to $17.03 billion, and net income rose from $369.1 million to $1.84 billion. This indicates strong performance and expansion in the company's operations.

Comments

Prediction Buy
Perf. (%) 2.94%
Target price 301.568
Change
Ends at 03.07.25

Reliance, Inc. (NYSE: RS) had its price target lowered by analysts at KeyCorp from $341.00 to $325.00. They now have an "overweight" rating on the stock.
Ratings data for RS provided by MarketBeat
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Prediction Buy
Perf. (%) -2.63%
Target price 322.299
Change
Ends at 26.04.25

Reliance, Inc. (NYSE: RS) had its price target lowered by analysts at BMO Capital Markets from $355.00 to $345.00. They now have an "outperform" rating on the stock.
Ratings data for RS provided by MarketBeat
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Prediction Buy
Perf. (%) -7.08%
Target price 327.949
Change
Ends at 20.02.25

Reliance Steel & Aluminum Co. (NYSE: RS) had its price target raised by analysts at BMO Capital Markets from $295.00 to $355.00. They now have an "outperform" rating on the stock.
Ratings data for RS provided by MarketBeat
Show more