How Analysts Rated Reliance Steel & Aluminum Co. (NYSE:RS) Last Week?

January 14, 2018 - By Adrian Mccoy

 How Analysts Rated Reliance Steel & Aluminum Co. (NYSE:RS) Last Week?
Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.27, from 1.23 in 2017Q2. It is negative, as 32 investors sold Reliance Steel & Aluminum Co. shares while 105 reduced holdings. 31 funds opened positions while 101 raised stakes. 59.07 million shares or 1.45% less from 59.94 million shares in 2017Q2 were reported.
Tdam Usa holds 0.1% or 21,288 shares. Private Advisor Grp Inc Llc holds 2,682 shares. State Of Tennessee Treasury Department reported 0.03% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS). Moreover, Old Mutual Customised Solutions (Proprietary) has 0.02% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 1,900 shares. Zebra Cap Mgmt Limited Liability stated it has 0.43% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS). Regentatlantic Cap holds 25,271 shares. Fil Ltd accumulated 44,441 shares or 0.01% of the stock. California State Teachers Retirement holds 0.02% or 122,139 shares in its portfolio. Moreover, Glenmede Tru Communication Na has 0% invested in Reliance Steel & Aluminum Co. (NYSE:RS). Manufacturers Life Ins The has 0.01% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 106,989 shares. Delta Asset Management Limited Co Tn invested in 11 shares or 0% of the stock. Nationwide Fund Advsr accumulated 0.09% or 313,392 shares. Credit Agricole S A, France-based fund reported 22,960 shares. Envestnet Asset Mgmt accumulated 7,613 shares. Lsv Asset accumulated 846,078 shares.

Since December 8, 2017, it had 0 insider purchases, and 1 insider sale for $92,861 activity.

Reliance Steel & Aluminum Co. (NYSE:RS) Ratings Coverage

Among 9 analysts covering Reliance Steel (NYSE:RS), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Reliance Steel had 35 analyst reports since September 8, 2015 according to SRatingsIntel. Deutsche Bank maintained it with “Buy” rating and $95 target in Monday, December 5 report. The stock of Reliance Steel & Aluminum Co. (NYSE:RS) has “Hold” rating given on Tuesday, May 30 by Jefferies. KeyBanc Capital Markets maintained Reliance Steel & Aluminum Co. (NYSE:RS) on Tuesday, December 5 with “Buy” rating. The firm earned “Hold” rating on Monday, March 21 by Jefferies. As per Thursday, July 27, the company rating was maintained by Cowen & Co. The rating was maintained by Jefferies with “Hold” on Thursday, July 6. The stock of Reliance Steel & Aluminum Co. (NYSE:RS) has “Buy” rating given on Monday, January 8 by Bank of America. KeyBanc Capital Markets maintained the stock with “Buy” rating in Monday, September 18 report. The stock of Reliance Steel & Aluminum Co. (NYSE:RS) earned “Buy” rating by Cowen & Co on Thursday, August 31. The firm earned “Buy” rating on Tuesday, September 5 by Bank of America. Below is a list of Reliance Steel & Aluminum Co. (NYSE:RS) latest ratings and price target changes.

10/01/2018 Broker: KeyBanc Capital Markets Rating: Buy New Target: $95.0 Maintain
09/01/2018 Broker: Jefferies Rating: Hold New Target: $90.0 Maintain
08/01/2018 Broker: Bank of America Rating: Buy New Target: $97.0 Maintain
04/01/2018 Broker: Cowen & Co Rating: Buy New Target: $101.0 Maintain
05/12/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $84.0 Maintain
03/11/2017 Broker: Cowen & Co Rating: Buy New Target: $92.0 Maintain
04/10/2017 Broker: Jefferies Rating: Hold New Target: $72.0 Maintain
27/09/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $81.0 Maintain
18/09/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $80.0 Maintain
07/09/2017 Broker: Macquarie Research Rating: Outperform Initiates Coverage On

The stock decreased 0.42% or $0.38 during the last trading session, reaching $90.45. About 334,825 shares traded. Reliance Steel & Aluminum Co. (NYSE:RS) has risen 0.13% since January 14, 2017 and is uptrending. It has underperformed by 16.57% the S&P500.

Reliance Steel & Aluminum Co. operates as a metals service center company. The company has market cap of $6.60 billion. The firm provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. It has a 17.8 P/E ratio. The Company’s primary processing services comprise cutting, leveling, sawing, machining, and electro polishing.

More news for Reliance Steel & Aluminum Co. (NYSE:RS) were recently published by: Benzinga.com, which released: “KeyBanc Issues Stronger Forecast For 3 Steel Names” on January 11, 2018. Nasdaq.com‘s article titled: “Reliance Steel Hits New 52-Week High: What’s Driving It?” and published on January 08, 2018 is yet another important article.

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