Buzzing Stock: Reliance Steel & Aluminum Co. (NYSE:RS)


As per the research groups listed in Thomson Reuters survey, Reliance Steel & Aluminum Co. (NYSE:RS), the stock can touch mean price target of $78.50 in coming period. This price target highlights the recommendations of leading experts in the market. Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $1.06 per share in looming quarter and $4.81 during current fiscal. Technical Forecast While evaluating Reliance Steel & Aluminum Co. C on the technical side, it is seen that the firm’s shares price is at $-0.85, which is -1.09% off 50-day MA of $77.95. The stock is $7.33, which is +10.51% off $69.77, which is 200-day MA of Reliance Steel & Aluminum Co. C. MA here stands for moving average. Reliance Steel & Aluminum Co. (NYSE:RS) stock made a high of $84.25 in last 12-months while the lowest level in same period was $50.08. It entails if stock price makes a movement of over $-7.15, it will make a new 52-week high. In the case of $+53.95% points decline, it will touch a new 52-week low. Valuation Level The valuation of Reliance Steel & Aluminum Co. C is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Reliance Steel & Aluminum Co. (NYSE:RS) P/E ratio is 17.98. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Reliance Steel & Aluminum Co. C it stands at 1.82.

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