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Reliance Inc has a consensus price target of $309.29 based on the ratings of 8 analysts. The high is $380 issued by Citigroup on April 11, 2024. The low is $245 issued by Goldman Sachs on February 21, 2023. The 3 most-recent analyst ratings were released by BMO Capital, Keybanc, and Keybanc on October 25, 2024, October 14, 2024, and July 3, 2024, respectively. With an average price target of $326.67 between BMO Capital, Keybanc, and Keybanc, there's an implied 4.31% upside for Reliance Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Reliance (NYSE:RS) was reported by BMO Capital on October 25, 2024. The analyst firm set a price target for $330.00 expecting RS to rise to within 12 months (a possible 5.37% upside). 9 analyst firms have reported ratings in the last year.
The latest analyst rating for Reliance (NYSE:RS) was provided by BMO Capital, and Reliance maintained their outperform rating.
The last upgrade for Reliance Inc happened on April 29, 2022 when Wolfe Research raised their price target to $226. Wolfe Research previously had a peer perform for Reliance Inc.
The last downgrade for Reliance Inc happened on July 26, 2024 when Wolfe Research changed their price target from N/A to N/A for Reliance Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Reliance, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Reliance was filed on October 25, 2024 so you should expect the next rating to be made available sometime around October 25, 2025.
While ratings are subjective and will change, the latest Reliance (RS) rating was a maintained with a price target of $340.00 to $330.00. The current price Reliance (RS) is trading at is $313.18, which is out of the analyst’s predicted range.
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