Citigroup Issues Positive Forecast for Reliance (NYSE:RS) Stock Price

Posted by Stanley Muller on Nov 7th, 2026

Reliance (NYSE:RS – Free Report) had its price target hoisted by Citigroup from $420.00 to $460.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Reliance from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. Barclays upped their price objective on Reliance from $420.00 to $445.00 and gave the company an “equal weight” rating in a research note 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. BMO Capital Markets raised their target price on Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Finally, Wall Street Zen upgraded Reliance from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $407.75.

Check Out Our Latest Report on Reliance

Reliance Stock Performance

Reliance stock traded up $2.75 during mid-day trading on Friday, reaching $416.79. 327,146 shares of the company’s stock were exchanged, compared to its average volume of 300,926. The business’s fifty day simple moving average is $404.89 and its 200 day simple moving average is $371.05. The firm has a market capitalization of $21.23 billion, a PE ratio of 19.43, a P/E/G ratio of 0.94 and a beta of 0.95. Reliance has a one year low of $263.12 and a one year high of $454.93. The company has a quick ratio of 2.22, a current ratio of 4.12 and a debt-to-equity ratio of 0.21.

Reliance (NYSE:RS – Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The industrial products company reported $8.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.83 by $1.19. The firm had revenue of $5.21 billion during 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 business’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.64 EPS. On average, sell-side analysts expect that Reliance will post 26.54 earnings per share for the current year.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 20th will be paid a $1.25 dividend. The ex-dividend date is Friday, November 20th. This represents a $5.00 annualized dividend and a dividend yield of 1.2%. Reliance’s dividend payout ratio (DPR) is presently 23.31%.

Insider Activity

In related news, COO Stephen Koch sold 8,334 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $430.87, for a total transaction of $3,590,870.58. Following the sale, the chief operating officer directly owned 8,209 shares in the company, valued at approximately $3,537,011.83. This represents a 50.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Reliance

Institutional investors have recently made changes to their positions in the stock. Costello Asset Management INC purchased a new stake in Reliance in the 1st quarter worth approximately $30,000. N.E.W. Advisory Services LLC bought a new position in Reliance in the 2nd quarter worth about $37,000. Osterweis Capital Management Inc. bought a new position in Reliance in the 2nd quarter worth about $41,000. Reyes Financial Architecture Inc. purchased a new stake in shares of Reliance in the 3rd quarter valued at about $43,000. Finally, Compass Financial Management LLC purchased a new stake in shares of Reliance in the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Key Reliance News

Here are the key news stories impacting Reliance this week:

Positive Sentiment: Zacks Research raised its earnings estimates for Reliance across several periods, including FY2026 to $26.86 per share from $22.57 and FY2027 to $24.29 from $21.24, while maintaining a Strong Buy rating. The revisions may support investor confidence in the company’s earnings outlook. Reliance analyst coverage
Positive Sentiment: Citigroup raised its price target to $460 from $420, implying potential upside from the cited share price, though it kept a Neutral rating. Citigroup recommendations
Neutral Sentiment: One report puts the consensus target at $400.29, below the cited share price, which tempers the more optimistic target revision. Consensus target price report
Neutral Sentiment: News about Jio’s new connectivity and data plans, and Reliance Industries’ possible entry into the biscuit market, relates to other Reliance-branded businesses—not Reliance, Inc. (RS)—so it does not directly explain RS’s share movement. Reliance Jio plan article

About Reliance

(Get Free Report)

Reliance, Inc is a metal service center company that distributes metals and provides processing services to customers across a range of industries. Its products include carbon steel, stainless steel, aluminum, alloy steel, brass, copper and other metals.

The company processes materials to customer specifications through services such as cutting, sawing, slitting, machining, forming and laser, plasma or waterjet cutting. These services help customers prepare metal for use in manufacturing, construction, transportation, energy and other applications.

Founded in Los Angeles in 1939, Reliance has grown into a network of service centers serving customers in the United States and internationally.