Reliance Steel & Aluminum (RS) Given News Impact Score of 0.14
Media coverage about Reliance Steel & Aluminum (NYSE:RS) has trended somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Reliance Steel & Aluminum earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 47.7430724065154 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of research analysts have recently weighed in on the company. Clarkson Capital restated a “buy” rating on shares of Reliance Steel & Aluminum in a report on Wednesday, November 15th. Zacks Investment Research raised Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Monday, October 16th. ValuEngine downgraded Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. KeyCorp set a $95.00 price target on Reliance Steel & Aluminum and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Cowen reaffirmed a “buy” rating and set a $92.00 price target on shares of Reliance Steel & Aluminum in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $83.50.
Shares of Reliance Steel & Aluminum (RS) traded up $0.70 on Friday, hitting $91.70. The company had a trading volume of 290,065 shares, compared to its average volume of 365,353. The company has a quick ratio of 1.79, a current ratio of 4.06 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $6,635.29, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 1.55 and a beta of 1.29. Reliance Steel & Aluminum has a one year low of $68.46 and a one year high of $92.64.
In related news, SVP William A. Smith II sold 1,123 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $82.69, for a total transaction of $92,860.87. Following the completion of the sale, the senior vice president now directly owns 15,320 shares of the company’s stock, valued at $1,266,810.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.73% of the company’s stock.
Reliance Steel & Aluminum Company Profile
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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