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


The leading market experts have placed a mean price target of $75.44 on Reliance Steel & Aluminum Co. (NYSE:RS) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.30 a share for the upcoming quarter and $4.63 for the current fiscal. Technical View The technical analysis of Reliance Steel & Aluminum Co. C plainly substantiates that the 50-day moving average of Reliance Steel & Aluminum Co. C is $75.15, and stock is hovering 3.02 or +4.02% distant from $75.15. It is noted that the 200-day MA is $66.82, and Reliance Steel & Aluminum Co. C stock is $11.35 or +16.99% off from this point. Reliance Steel & Aluminum Co. (NYSE:RS) 52-week high is $79.63 and the 52-week low is $50.08. This explains if the stock moves $-1.46, it will post a 52-week high. In event of $+56.09% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Reliance Steel & Aluminum Co. C, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Reliance Steel & Aluminum Co. (NYSE:RS) ratio came in at 19.01. The stock last ended the trading session at $78.17 and registered a market cap of $5.65B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Reliance Steel & Aluminum Co. (NYSE:RS) PEG ratio is at 1.75.

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