Recap: Reliance Steel & Aluminum Q2 Earnings
Reliance Steel & Aluminum (NYSE:RS) reported its Q2 earnings results on Thursday, July 28, 2022 at 06:50 AM.
Here's what investors need to know about the announcement.
Here’s Why You Should Hold Onto Reliance Steel (RS) Stock For Now
Reliance Steel & Aluminum Co. (NYSE: RS) is benefiting from strong demand across key end-use markets, a diversified product base and strategic acquisitions amid headwinds from higher costs.
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What 4 Analyst Ratings Have To Say About Reliance Steel & Aluminum
Within the last quarter, Reliance Steel & Aluminum (NYSE:RS) has observed the following analyst ratings:
Citigroup Maintains Buy on Reliance Steel & Aluminum, Raises Price Target to $230
Citigroup analyst Alexander Hacking maintains Reliance Steel & Aluminum (NYSE:RS) with a Buy and raises the price target from $200 to $230.
Wolfe Research Upgrades Reliance Steel & Aluminum to Outperform, Announces $226 Price Target
Wolfe Research analyst Timna Tanners upgrades Reliance Steel & Aluminum (NYSE:RS) from Peer Perform to Outperform and announces $226 price target.
Reliance Steel & Aluminum Q1 Adj. EPS $8.42 Beats $7.14 Estimate, Sales $4.49B Beat $4.13B Estimate
Reliance Steel & Aluminum (NYSE:RS) reported quarterly earnings of $8.42 per share which beat the analyst consensus estimate of $7.14 by 17.93 percent. This is a 105.37 percent increase over earnings of $4.10 per share
KeyBanc Bumps Up Price Target For 4 Metal & Mining Companies
KeyBanc analyst Philip Gibbs's post-analysis maintained a balanced view on carbon steel equities. The analyst raised the price target for 4 metal & mining companies.
Keybanc Maintains Overweight on Reliance Steel & Aluminum, Raises Price Target to $215
Keybanc maintains Reliance Steel & Aluminum (NYSE:RS) with a Overweight and raises the price target from $200 to $215.