Media coverage about Reliance Steel & Aluminum (NYSE:RS) has been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Reliance Steel & Aluminum earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 47.4387764078004 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
A number of analysts recently commented on RS shares. Zacks Investment Research raised Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Monday, October 16th. Bank of America set a $97.00 target price on Reliance Steel & Aluminum and gave the company a “buy” rating in a research report on Monday, January 8th. KeyCorp reissued a “buy” rating and set a $84.00 price objective on shares of Reliance Steel & Aluminum in a report on Thursday, December 7th. ValuEngine raised Reliance Steel & Aluminum from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Clarkson Capital reissued a “buy” rating on shares of Reliance Steel & Aluminum in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Reliance Steel & Aluminum presently has an average rating of “Buy” and an average target price of $83.50.
Shares of Reliance Steel & Aluminum (NYSE:RS) traded up $2.20 on Monday, reaching $85.18. The company’s stock had a trading volume of 503,412 shares, compared to its average volume of 405,361. Reliance Steel & Aluminum has a 1 year low of $68.46 and a 1 year high of $92.64. The company has a market cap of $6,210.00, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.79.
Reliance Steel & Aluminum (NYSE:RS) last announced its earnings results on Thursday, February 15th. The industrial products company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.16). Reliance Steel & Aluminum had a return on equity of 8.61% and a net margin of 3.97%. analysts expect that Reliance Steel & Aluminum will post 5.22 earnings per share for the current year.
In other news, SVP William A. Smith II sold 1,123 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $82.69, for a total value of $92,860.87. Following the transaction, the senior vice president now owns 15,320 shares in the company, valued at approximately $1,266,810.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.18% of the stock is owned by insiders.
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About Reliance Steel & Aluminum
Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).
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