A report released today by Zacks Investment Research about Reliance Steel & Aluminum Co (NYSE:RS) bumps the target price to $93.00
- Updated: January 11, 2017
Just yesterday Reliance Steel & Aluminum Co (NYSE:RS) traded -0.51% lower at $82.33. Reliance Steel & Aluminum Co’s 50-day moving average is $82.49 and its 200-day moving average is $75.79. The last stock price is up 9.07% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.04% over the same time period. 287,367 shares of RS traded hands, down from an average trading volume of 617,884
In a report released on 01/11/2017 Zacks Investment Research upped the price target of Reliance Steel & Aluminum Co (NYSE:RS) to $93.00 reporting a possible upside of 0.13%.
Recent Performance Chart
Reliance Steel & Aluminum Co has 52 week low of $50.08 and a 52 week high of $87.58 with a PE ratio of 19.37 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 9 brokerages have issued a ratings update on the company. The average stock price target is $69.78 with 1 brokerage rating the stock a strong buy, 2 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Reliance Steel & Aluminum Co (NYSE:RS)
Reliance Steel & Aluminum Co. is a metals service center company. The Company operates through metals service centers segment. The Company's network of metals service centers operates over 300 locations in approximately 40 states in the United States and in other countries, including Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom. It provides metals processing services and distributes a line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products, to over 125,000 customers in a range of industries. Its various metals service centers process and distribute only specialty metals. It delivers a range of products from facilities located across the United States and Canada. It is also engaged in toll processing of aluminum, carbon steel and stainless steel.
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