Analysts Set $276.25 Average PT for Reliance Steel & Aluminum Co.

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Analysts have recently set an average price target of $276.25 for Reliance Steel & Aluminum ($NYSE:RS) Co. (RS), a leading provider of value-added steel and aluminum products and services in North America. The company is headquartered in Los Angeles, California and serves a diverse customer base, including manufacturers, construction companies, fabricators, and other businesses. RS has the capability to process and distribute a wide range of metal products, such as plate, sheet, structural, bars, tubes, and pipe.

It also provides value-added services such as shearing, slitting, sawing, plasma/oxy-fuel cutting, and custom fabrication. Other services include laser cutting, flame cutting, heat treating, grinding, shot blasting, painting, and custom packaging.

Market Price

This price target indicates that the analysts have a positive outlook for the company’s future growth. This strong performance has been supported by the company’s focus on cost-effective material procurement and efficient operations. Analysts are expecting the company’s solid fundamentals to continue driving its stock price higher in the coming quarters. Moreover, Reliance Steel & Aluminum is expected to benefit from the Biden administration’s focus on infrastructure projects, given its strong presence in the metals and engineering industry. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for RS. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for RS. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for RS. More…

Key Ratios Snapshot

Some of the financial key ratios for RS are shown below. More…

Analysis

As GoodWhale, we have conducted an analysis of RELIANCE STEEL & ALUMINUM’s wellbeing. Our Star Chart indicates that the company is strong in asset, dividend, and profitability, and is medium in growth. It is classified as ‘rhino’, which suggests that it has achieved moderate revenue or earnings growth. Given its performance, RELIANCE STEEL & ALUMINUM would be attractive to long-term investors seeking a stable company with the potential for steady returns. Furthermore, the company has a high health score of 10/10 considering its cashflows and debt, suggesting that it is capable of sustaining future operations even in times of crisis. More…

Peers

Reliance Steel & Aluminum Co., Universal Stainless & Alloy Products Inc., Jiangsu Shagang Co Ltd, and Xinjiang Ba Yi Iron & Steel Co Ltd are all steel and aluminum companies. They all have their own unique offerings, but they compete with each other in the market.

– Universal Stainless & Alloy Products Inc ($NASDAQ:USAP)

Universal Stainless & Alloy Products Inc is a company that manufactures and sells stainless steel and nickel alloy mill products. The company has a market cap of 65.99M as of 2022 and a Return on Equity of -1.12%. Universal Stainless & Alloy Products Inc is a publicly traded company on the NASDAQ Stock Market under the ticker symbol “USAP”.

– Jiangsu Shagang Co Ltd ($SZSE:002075)

Jiangsu Shagang Co., Ltd. is a Chinese state-owned steel producer. The company is based in Zhangjiagang, Jiangsu Province, and is listed on the Shanghai Stock Exchange. Jiangsu Shagang is one of the largest private steel companies in China, with an annual output of over 20 million tons of steel. The company produces a wide range of steel products, including hot and cold rolled coils, galvanized sheets, and stainless steel products. In addition to its steel operations, Jiangsu Shagang also has businesses in coal mining, power generation, and real estate development.

– Xinjiang Ba Yi Iron & Steel Co Ltd ($SHSE:600581)

Xinjiang Ba Yi Iron & Steel Co Ltd has a market cap of 5.58B as of 2022, a Return on Equity of -24.16%. The company is engaged in the production and sale of iron and steel products. It is one of the largest iron and steel companies in China. The company’s products are used in a variety of industries, including construction, automotive, machinery manufacturing, and shipbuilding.

Summary

RELIANCE STEEL & ALUMINUM is receiving a strong vote of confidence from analysts, with an average price target of $276.25. This suggests that the company’s stock is expected to perform well in the future. Analysts have taken into account a number of factors when assessing the company’s potential, such as its competitive positioning, financial strength, and exposure to the metals industry. Investors should consider these factors when making their own investment decisions about RELIANCE STEEL & ALUMINUM, as well as staying up-to-date on the company’s performance and future prospects.