Critical Insights From Reliance Analyst Ratings: What You Need To Know
Ratings for Reliance (NYSE:RS) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 2 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $346.25, with a high estimate of $380.00 and a low estimate of $325.00. This upward trend is evident, with the current average reflecting a 5.24% increase from the previous average price target of $329.00.
Investigating Analyst Ratings: An Elaborate Study
A clear picture of Reliance's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Philip Gibbs | Keybanc | Lowers | Overweight | $325.00 | $341.00 |
| Timna Tanners | B of A Securities | Lowers | Neutral | $335.00 | $340.00 |
| Katja Jancic | BMO Capital | Lowers | Outperform | $345.00 | $355.00 |
| Daniel Knauff | Citigroup | Raises | Neutral | $380.00 | $280.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Reliance. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Reliance compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Reliance's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Reliance's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Reliance analyst ratings.
All You Need to Know About Reliance
Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.
Key Indicators: Reliance's Financial Health
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Decline in Revenue: Over the 3 months period, Reliance faced challenges, resulting in a decline of approximately -8.08% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Reliance's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.31%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Reliance's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.87% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Reliance's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.86% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Reliance's debt-to-equity ratio is below the industry average at 0.17, reflecting a lower dependency on debt financing and a more conservative financial approach.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.