BMO Capital Continues to Recommend Outperform for Reliance (RS)
Analyst Recommendation: BMO Capital maintains an "Outperform" rating for Reliance (NYSE:RS), with a one-year price target average of $332.11/share, indicating a potential upside of 19.82% from its current price of $277.18/share.
Fund Sentiment: There are 1,242 funds reporting positions in Reliance, with a slight increase in ownership by 1.06% over the last quarter, while total shares owned by institutions decreased by 0.69%.
Shareholder Activity: Notable increases in share ownership were reported by Price T Rowe Associates (up 2.84%) and Boston Partners (up 42.05%), while other firms like IJH and VTSMX reduced their holdings.
Market Outlook: The put/call ratio for Reliance is 0.81, suggesting a bullish sentiment among investors regarding the stock's future performance.
Trade with 70% Backtested Accuracy
Analyst Views on RS
About RS
About the author

North American Steel Companies Prepare for Earnings Season with HRC Prices Up 17%
- Strong Steel Performance: North American steel equities have risen 17% over the past three months, outperforming the SPDR S&P Metals & Mining ETF's 15% increase, demonstrating market resilience amid a supply-driven rally in Hot Rolled Coil (HRC) prices.
- HRC Margin Expansion: HRC metal margins have expanded over 20% relative to pre-tariff levels, with post-tariff mill utilization approximately 160 basis points above historical norms, indicating the industry's profitability despite weak demand.
- Demand Outlook Uncertainty: While medium and smaller buyers adjust their purchasing strategies due to trade uncertainties, the analyst believes clarity on the USMCA and IEEPA tariffs will be crucial to trigger larger steel-intensive projects.
- Earnings Forecast Adjustments: The analyst expects fourth-quarter results to be weaker due to seasonally lighter shipments, although Nucor may beat expectations; however, unplanned outages at Steel Dynamics and a transformer fire at Sinton could impact first-quarter shipments.

Reliance (RS) Receives Overweight Rating with $316.25 Price Target
- Rating Analysis: Reliance has received an average overweight rating, indicating market optimism regarding its future performance, which may attract more investor attention.
- Price Target Setting: The analysts have set a price target of $316.25, reflecting confidence in the company's growth potential, which could drive the stock price towards this level.
- Market Reaction: The release of this rating and price target may influence investor decisions, further enhancing Reliance's market performance and competitiveness within the industry.
- Investor Confidence: An overweight rating typically suggests analysts have a positive outlook on the company's future profitability, potentially boosting investor confidence in Reliance and facilitating capital inflows.






