에 대한 최신 뉴스 Reliance (NYSE:RS) 주식

Reliance

Reliance Steel & Aluminum

Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.

Commodities

AAUKF

RDUS

USGO

2024년 5월 30일 주요 뉴스:1. U.S. 스틸(NYSE:X)와 일본제철(Nippon Steel)은 제안된 거래에 대해 미국 외 국가들의 모든 필요한 규제 승인을 모두 받았다. 이러한 승인은 EU, 멕시코, 세르비아, 슬로바키아, 터키 및 영국을 포함한 다양한 국제 경쟁 당국들으로부터 나왔다.

목요일 주요 광업 뉴스: U.S. 스틸, BHP-앵글로 아메리칸 합의 실패,  U.S. 골드마이닝 등

Large Cap

News

Price Target

Movers

New Oriental Education & Technology Group

MANH

MSCI

실적 시즌이 본격화되면서 이들 10개 대형주는 지난주 최악의 실적을 기록했다. 그것들이 당신의 포트폴리오에 있나요? LKQ 코퍼레이션(NASDAQ:LKQ) 주가가 1분기 실적 부진 및 2024년도 전망 하향 조정 발표 이후 12.3% 급락했다.

지난주 최하 성과 주식: 이 10개의 대형주가 포트폴리오에 있나요? (4월 21일-27일)

Asia

2024년 4월 2일의 주요 뉴스:



1. 닛폰 철강 (Nippon Steel)이 미국의 유나이티드 스테일 (United States Steel)을 인수하기 위한 141억 달러의 입찰을 지원하는 데 대해서 유나이티드 스틸워커스 (United Steelworkers) 노조에 대해 공식 약속을 했다. 



이 약속에는 14억 달러의 자본 지출과 2026년까지 적어도 해고가 없다는 보장이

4월 2일; 일본제철의 미 철강노조에 대한 약속, 아이반호의 드릴링 결과, 철광석 가격 상승 등

Reliance Inc

AMUNDI ETF RUSS ETF

RISING SUN BNCRP MARYLAND by Rising Sun Bancorp

RESAAS SERVICES INC ORD by RESAAS Services, Inc.

Resaas Services Inc

Rooshine Inc

Return Stacked Bonds & Managed Futures ETF Return Stacked Bonds & Managed Futures ETF

Tidal Trust II Return Stacked Bonds & Futures Yield ETF

REFLECT SCIENTIFIC INC by Reflect Scientific, Inc.

Reflect Scientific Inc

REDWOOD SCIENTIFIC TECH by Redwood Scientific Technologies, Inc.

Redwood Scientific Technologies Inc

Polaris Northstar Capital Corp

POLARIS NORTHSTAR CAP CRP by POLARIS NORTHSTAR CAP CORP.

RAMSDENS HLDGS PLC by Ramsdens Holdings PLC

Ramsdens Holdings PLC

Collaborative Investment Series Trust Rareview Systematic Equity ETF

RESERVOIR CAP CORP by Reservoir Cap Corp.

Reservoir Capital Corp

RiverNorth Capital and Income Fund Common Stock

RiverNorth Capital and Income Fund

Republic Services Inc

RESOURO STRATEGIC METALS by RESOURO STRATEGIC METALS INC.

Resouro Strategic Metals Inc

RS Group PLC

Reliance's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) short percent of float has risen 5.42% since its last report. The company recently reported that it has 1.21 million shares sold short, which is 2.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.23 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Reliance Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727880318_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Reliance has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Reliance's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Reliance's peer group average for short interest as a percentage of float is 5.25%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Reliance?

The company also announced the appointment of James K. Kamsickas, 57, to serve as an independent director. Kamsickas&#39; term took effect on October 1, 2024 and will expire at the Company&#39;s 2025 Annual Meeting of Stockholders.
Consistent with corporate governance best practices and Reliance&#39;s strategic, deliberate and well-executed long-term succession plan, Mark Kaminski will step down from the position of non-executive Chairman of the Board effective January 1, 2025. Kaminski has served as Reliance&#39;s independent, non-executive Chairman since July 2016. Kaminski will continue to serve as a member of the Company&#39;s Board of Directors.
On October 1, 2024, the Board of Directors unanimously appointed Douglas W. Stotlar as Reliance&#39;s independent, non-executive Chairman of the Board effective January 1, 2025. Stotlar has served on Reliance&#39;s Board of Directors since October 2016.
&nbsp;

Management

Reliance Names Douglas Stotlar As Independent, Non-executive Chairman Of Board, Effective January 1, 2025; Mark Kaminski To Continue To Serve As Member Of Board

WIIM

CENX

KALU

STLD

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Shares of metal and material companies are trading higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 20 years by 5.72% on an annualized basis producing an average annual return of 14.2%. Currently, Reliance has a market capitalization of $15.46 billion. 
Buying $100 In RS: If an investor had bought $100 of RS stock 20 years ago, it would be worth $1,451.91 today based on a price of $281.08 for RS at the time of writing.
<h3>Reliance's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727101816_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $1,500 Today

The Company intends to use funds borrowed under the Facility from time to time for general corporate purposes, growth and stockholder return activities.

Reliance Enters Into Amended, Restated $1.5B Five-year Unsecured Revolving Credit Facility

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 10 years by 3.75% on an annualized basis producing an average annual return of 14.29%. Currently, Reliance has a market capitalization of $15.00 billion. 
Buying $1000 In RS: If an investor had bought $1000 of RS stock 10 years ago, it would be worth $3,852.87 today based on a price of $272.69 for RS at the time of writing.
<h3>Reliance's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725912012_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Reliance 10 Years Ago Would Be Worth Today

MTRN

USAP

ZEUS

Shares of companies within the broader metals and mining sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

Macro Notification

General

$SOLO

FUVV

LCID

PSNY

RIVN

TSLA

XPEV

Canada PM Trudeau Announces 100% Tariff On Chinese Electric Vehicle Imports And 25% Tariff On Chinese Aluminum And Steel

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 10 years by 3.97% on an annualized basis producing an average annual return of 14.77%. Currently, Reliance has a market capitalization of $15.41 billion. 
Buying $1000 In RS: If an investor had bought $1000 of RS stock 10 years ago, it would be worth $4,020.73 today based on a price of $280.19 for RS at the time of writing.
<h3>Reliance's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724173210_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Reliance Stock In The Last 10 Years

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 20 years by 6.16% on an annualized basis producing an average annual return of 14.42%. Currently, Reliance has a market capitalization of $15.70 billion. 
Buying $100 In RS: If an investor had bought $100 of RS stock 20 years ago, it would be worth $1,468.79 today based on a price of $285.30 for RS at the time of writing.
<h3>Reliance's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723230122_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Wolfe Research analyst Timna Tanners downgrades Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) from Peer Perform to Underperform.

Downgrades

Analyst Ratings

Wolfe Research Downgrades Reliance to Underperform

Reliance anticipates underlying demand will remain relatively stable across the majority of the end markets it serves in the&nbsp;third quarter&nbsp;of 2024 subject to shipment levels to be impacted by normal seasonal patterns, which include a decline in shipping volumes due to planned customer shutdowns and vacation schedules. As a result, the Company estimates its tons sold will be down&nbsp;2.5%&nbsp;to&nbsp;4.5%&nbsp;in the&nbsp;third quarter&nbsp;of 2024 compared to the&nbsp;second quarter&nbsp;of 2024 and up&nbsp;4.5%&nbsp;to&nbsp;6.5%&nbsp;from the&nbsp;third quarter&nbsp;of 2023. Reliance expects its average selling price per ton sold for the&nbsp;third quarter&nbsp;of 2024 to be down&nbsp;2%&nbsp;to&nbsp;4%&nbsp;compared to the&nbsp;second quarter&nbsp;of 2024, primarily driven by lower prices for carbon steel products. Therefore, Reliance anticipates gross profit margin to remain under some pressure in the&nbsp;third quarter&nbsp;of 2024. Based on these expectations, the Company anticipates non-GAAP earnings per diluted share in the range of&nbsp;$3.60&nbsp;to&nbsp;$3.80&nbsp;for the&nbsp;third quarter&nbsp;of 2024.

Guidance

Reliance Expects Q3 Adj EPS of $3.60-$3.80 Vs $4.51 Est

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) reported quarterly earnings of $4.65 per share which missed the analyst consensus estimate of $4.73 by 1.69 percent. The company reported quarterly sales of $3.643 billion which missed the analyst consensus estimate of $3.650 billion by 0.18 percent. This is a 6.10 percent decrease over sales of $3.880 billion the same period last year.

Earnings

Earnings Misses

Reliance Q2 2024 Adj EPS $4.65 Misses $4.73 Estimate, Sales $3.643B Miss $3.650B Estimate

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 20 years by 6.45% on an annualized basis producing an average annual return of 14.98%. Currently, Reliance has a market capitalization of $17.64 billion. 
Buying $100 In RS: If an investor had bought $100 of RS stock 20 years ago, it would be worth $1,660.05 today based on a price of $307.20 for RS at the time of writing.
<h3>Reliance's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721224818_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Reliance Stock In The Last 20 Years

Reliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) announced that it has reached an agreement to purchase certain assets of the FerrouSouth division of Ferragon Corporation (&quot;FerrouSouth&quot;), a premier toll processing operation headquartered in Iuka, Mississippi. In addition to offering high quality flat-rolled steel processing, FerrouSouth provides logistics services including shipping and warehousing solutions within the rapidly growing Southeastern market. The FerrouSouth operations will operate as a division of Feralloy Corporation, a wholly owned subsidiary of Reliance. For the twelve months ended December 31, 2023, annual net sales for the select tolling operation were approximately&nbsp;$15 million. The terms of the transaction were not disclosed. The transaction is expected to close within the next 30 days, subject to customary closing conditions.

Reliance, Inc To Acquire Tolling Assets from FerrouSouth, Financial Terms Undisclosed

Shares of industrial metal stocks are trading higher following softer-than-expected June CPI figures.

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 10 years by 3.43% on an annualized basis producing an average annual return of 14.4%. Currently, Reliance has a market capitalization of $15.96 billion. 
Buying $1000 In RS: If an investor had bought $1000 of RS stock 10 years ago, it would be worth $3,825.76 today based on a price of $277.90 for RS at the time of writing.
<h3>Reliance's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720629029_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $3,800 Today

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Goldman Sachs raised the price target for On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) from $41 to $47. Goldman Sachs analyst Richard Edwards maintained a Buy rating. On Holding shares fell 2.1% to close at $37.22 on Tuesday. <a href="https://www.benzinga.com/quote/ONON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank cut the price target for NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from $115 to $92. Deutsche Bank analyst Krisztina Katai maintained a Buy rating. NIKE shares fell 1% to close at $76.04 on Tuesday. <a href="https://www.benzinga.com/quote/nke/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush raised Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) price target from $275 to $300. Wedbush analyst Daniel Ives maintained an Outperform rating. Tesla shares gained 10.2% to close at $231.26 on Tuesday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc cut the price target for Reliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) from $341 to $325. Keybanc analyst Philip Gibbs maintained an Overweight rating. Reliance shares gained 1% to close at $282.84 on Tuesday. <a href="https://www.benzinga.com/quote/RS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel slashed Summit Materials, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUM#NYSE">SUM</a>) price target from $55 to $47. Stifel analyst Stanley Elliott maintained a Buy rating. Summit Materials shares fell 0.1% to close at $35.61 on Tuesday. <a href="https://www.benzinga.com/quote/SUM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna raised First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) price target from $258 to $285. Susquehanna analyst Biju Perincheril maintained a Positive rating. First Solar shares fell 2.7% to close at $216.73 on Tuesday. <a href="https://www.benzinga.com/quote/FSLR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird cut the price target for Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) from $505 to $470. Baird analyst Mark Altschwager maintained an Outperform rating. Lululemon shares fell 0.2% to close at $301.67 on Tuesday. <a href="https://www.benzinga.com/quote/LULU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>DA Davidson raised First Foundation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFWM#NASDAQ">FFWM</a>) price target from $8 to $9. DA Davidson analyst Gary Tenner upgraded the stock from Neutral to Buy. First Foundation shares gained 1.6% to close at $6.57 on Tuesday. <a href="https://www.benzinga.com/quote/FFWM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup cut Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) price target from $280 to $255. Citigroup analyst Michael Rollins downgraded the stock from Neutral to Sell. Charter Communications shares gained 2.5% to close at  $303.50 on Tuesday. <a href="https://www.benzinga.com/quote/CHTR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS cut Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) price target from $17 to $12. UBS analyst Kevin Caliendo maintained a Neutral rating. Walgreens shares fell 0.1% to close at $11.57 on Tuesday. <a href="https://www.benzinga.com/quote/WBA/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/markets/equities/24/07/39594936/how-to-earn-500-a-month-from-greenbrier-stock-ahead-of-q3-earnings">How To Earn $500 A Month From Greenbrier Stock Ahead Of Q3 Earnings</a>

Markets

CHTR

FFWM

FSLR

LULU

ONON

Tesla To Rally Around 30%? Here Are 10 Top Analyst Forecasts For Wednesday

Ratings for Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $346.25, with a high estimate of $380.00 and a low estimate of $325.00. This upward trend is evident, with the current average reflecting a 5.24% increase from the previous average price target of $329.00.
<img src="https://www.benzinga.com/files/images/story/2024/1720011636_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A clear picture of Reliance's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Philip Gibbs</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$325.00</td>
<td>$341.00</td>
</tr>
<tr>
<td>Timna Tanners</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$335.00</td>
<td>$340.00</td>
</tr>
<tr>
<td>Katja Jancic</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$345.00</td>
<td>$355.00</td>
</tr>
<tr>
<td>Daniel Knauff</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$380.00</td>
<td>$280.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Reliance. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Reliance compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Reliance's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Reliance's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/RS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Reliance analyst ratings.</a>
<h2>All You Need to Know About Reliance</h2>
Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.
<h3>Key Indicators: Reliance's Financial Health</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Decline in Revenue: Over the 3 months period, Reliance faced challenges, resulting in a decline of approximately -8.08% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Reliance's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.31%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Reliance's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.87% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Reliance's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.86% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Reliance's debt-to-equity ratio is below the industry average at 0.17, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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