Reliance (NYSE:RS) Stock Rating Upgraded by Wall Street Zen

Posted by Brenda Bartman on Nov 2nd, 2026

Reliance (NYSE:RS – Get Free Report) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other brokerages have also recently issued reports on RS. Barclays upped their target price on shares of Reliance from $420.00 to $445.00 and gave the company an “equal weight” rating in a research report on Monday, October 26th. KeyCorp boosted their target price on shares of Reliance from $421.00 to $437.00 and gave the stock an “overweight” rating in a research report on Monday, October 26th. Zacks Research raised Reliance from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Citigroup reissued a “neutral” rating on shares of Reliance in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Reliance from $400.00 to $420.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $400.29.

View Our Latest Analysis on RS

Reliance Stock Up 0.1%

Shares of NYSE RS opened at $437.28 on Friday. Reliance has a 12-month low of $263.12 and a 12-month high of $442.94. The company has a market capitalization of $22.28 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.12 and a quick ratio of 2.22. The firm’s 50-day moving average is $400.34 and its two-hundred day moving average is $368.21.

Reliance (NYSE:RS – Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The industrial products company reported $8.02 EPS for the quarter, beating the consensus estimate of $6.83 by $1.19. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.74 billion. Reliance had a return on equity of 15.31% and a net margin of 6.38%. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.64 earnings per share. Equities analysts anticipate that Reliance will post 24.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Stephen Koch sold 8,334 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $430.87, for a total transaction of $3,590,870.58. Following the completion of the sale, the chief operating officer owned 8,209 shares in the company, valued at $3,537,011.83. The trade was a 50.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Reliance

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Provenance Wealth Advisors LLC purchased a new stake in shares of Reliance during the third quarter worth $468,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Reliance by 0.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 10,608 shares of the industrial products company’s stock valued at $4,081,000 after purchasing an additional 58 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Reliance by 3.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 116,337 shares of the industrial products company’s stock valued at $44,761,000 after purchasing an additional 4,142 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Reliance in the third quarter valued at approximately $125,000. Finally, Vise Technologies Inc. increased its stake in shares of Reliance by 36.5% during the 3rd quarter. Vise Technologies Inc. now owns 4,832 shares of the industrial products company’s stock worth $1,859,000 after purchasing an additional 1,293 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Reliance News Roundup

Here are the key news stories impacting Reliance this week:

Positive Sentiment: Quarterly earnings beat expectations: Reliance’s third-quarter earnings surged 120.3% year over year, supported by higher steel prices, record shipments and contributions from border-wall projects. The strong sales and profit growth reinforces the company’s favorable earnings momentum. Reliance third-quarter earnings report
Positive Sentiment: Analyst sees additional upside: A JPMorgan analyst reportedly expects Reliance stock to rise, providing a supportive signal for investor sentiment. However, the broader analyst consensus remains cautious, with several firms maintaining neutral or equal-weight ratings. JPMorgan Reliance stock outlook
Neutral Sentiment: Strong fundamentals are already reflected in the valuation: Reliance recently reported quarterly EPS of $8.02 versus a $6.83 consensus estimate, while revenue rose 42.8% year over year to $5.21 billion. The results are favorable, but the stock is trading near its 52-week high, increasing the risk of profit-taking and limiting the impact of additional good news.
Negative Sentiment: COO sells a substantial stake: COO Stephen Koch sold 8,334 shares for approximately $3.59 million, reducing his ownership by about 50%. The sale may weigh on sentiment because it occurred near recent highs, although insider transactions can be routine and do not necessarily indicate deteriorating business conditions. Reliance COO insider sale
Neutral Sentiment: Indian Reliance headlines are unrelated: Reports about Reliance Industries, Jio Platforms, and Reliance Retail—including strong consolidated profit growth and Jio’s listing—concern the separate Indian conglomerate, not Reliance, Inc. (NYSE: RS). They should not be treated as direct catalysts for RS.

About Reliance

(Get Free Report)

Reliance, Inc (NYSE: RS) is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.

The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.

Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.