Loan Facility Announcement: Reliance, Inc. has secured a $400 million unsecured term loan facility maturing in August 2028 to refinance its existing senior unsecured notes due August 15, 2025.
Financial Strategy: The refinancing aims to optimize the company's balance sheet and maintain liquidity for investments in growth opportunities, acquisitions, and shareholder returns.
Leadership Statement: CEO Karla Lewis expressed satisfaction with the terms of the new facility, emphasizing the company's commitment to conservative leverage and sustainable value creation.
Company Overview: Founded in 1939, Reliance is a leading global diversified metal solutions provider with a vast network of locations, focusing on quick turnaround services and a wide range of metal products.
RS
$294.42+Infinity%1D
Analyst Views on RS
Wall Street analysts forecast RS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RS is 318.50 USD with a low forecast of 284.00 USD and a high forecast of 345.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
Wall Street analysts forecast RS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RS is 318.50 USD with a low forecast of 284.00 USD and a high forecast of 345.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 291.880
Low
284.00
Averages
318.50
High
345.00
Current: 291.880
Low
284.00
Averages
318.50
High
345.00
Morgan Stanley
Equal Weight
maintain
2025-12-15
New
Reason
Morgan Stanley
Price Target
2025-12-15
New
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on RS Group to 790 GBp from 755 GBp and keeps an Equal Weight rating on the shares.
JPMorgan
Neutral -> Overweight
upgrade
2025-12-11
Reason
JPMorgan
Price Target
2025-12-11
upgrade
Neutral -> Overweight
Reason
JPMorgan upgraded RS Group to Overweight from Neutral with a price target of 747 GBp, up from 630 GBp. The firm expects 2026 to be a better year for the European business services group than 2025.
JPMorgan
Overweight -> Overweight
downgrade
$345 -> $340
2025-12-05
Reason
JPMorgan
Price Target
$345 -> $340
2025-12-05
downgrade
Overweight -> Overweight
Reason
JPMorgan lowered the firm's price target on Reliance to $340 from $345 and keeps an Overweight rating on the shares. The firm adjusted price targets in the North America metals and mining group as part of its 2026 outlook.
BofA
Lawson Winder
Neutral
downgrade
$330 -> $305
2025-11-24
Reason
BofA
Lawson Winder
Price Target
$330 -> $305
2025-11-24
downgrade
Neutral
Reason
BofA analyst Lawson Winder lowered the firm's price target on Reliance to $305 from $330 and keeps a Neutral rating on the shares. The firm is refreshing its price forecasts for North American Metals & Mining stocks under its coverage, the analyst tells investors. The firm sees the macro backdrop as challenging due to China's slowing commodity demand but notes this may be offset by a rebound in demand in U.S. and Europe.
About RS
Reliance, Inc. is a global-diversified metal solutions provider and the metals service center company in North America. The Company provides value-added metals processing services and distributes a full line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and other specialty steel products. It focuses on small orders with quick turnaround and value-added processing services. The Company services more than 125,000 customers in a variety of industries, including consumer products, general manufacturing, non-residential construction (including infrastructure and renewable energy), transportation (rail, truck trailer and shipbuilding), aerospace (commercial, military, defense and space), energy (oil and natural gas), electronics and semiconductor fabrication, industrial machinery and heavy industry (agricultural, construction and mining equipment). It also services the auto industry, through its toll processing operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
