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


The leading market experts have placed a mean price target of $78.500 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 $1.060 a share for the upcoming quarter and $4.810 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 $77.943, and stock is trading $-5.448 points away or -6.990% from its 50-day moving average of $77.943. Further it is trading $1.046 or +1.464% away its 200-day moving average of $71.449. Reliance Steel & Aluminum Co. (NYSE:RS) 52-week high is $84.250 and the 52-week low is $50.080.

This explains if the stock moves $-11.755, it will post a 52-week high. In event of +44.758% 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 16.903.

The stock last ended the trading session at $72.495 and registered a market cap of $5.26B. 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 1.720.

1 Chart Pattern Every Investor Should Know

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