Zacks Investment Research downgraded Reliance Steel & Aluminum Co (NYSE:RS) to Sell in a report released today.
- Updated: September 26, 2016
Displaying a price of $71.68, Reliance Steel & Aluminum Co (NYSE:RS) traded -0.32% lower on the day. The last closing price is down -2.89% from the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. The company has recorded a 50-day moving average of $72.45 and a 200-day moving average of $73.52. 449,549 shares of RS traded hands, down from an average trading volume of 592,539
Zacks Investment Research has downgraded Reliance Steel & Aluminum Co (NYSE:RS) to Sell in a statement released on 9/26/2016.
On 07/22/2016, Cowen released a statement on Reliance Steel & Aluminum Co (NYSE:RS) upped the target price from $78.00 to $86.00 that suggested an upside of 0.13%.
Recent Performance Chart
Reliance Steel & Aluminum Co has 52 week low of $50.08 and a 52 week high of $84.25 with a PE ratio of 16.65 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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