How to Buy Reliance Steel & Aluminum Co Stock
Reliance Steel & Aluminum Co
Reliance Steel & Aluminum Co is a steel company located in California, United States, which is part of the Basic Materials sector, and is traded under the ticker RS on the NYSE exchange.
Reliance Steel & Aluminum Co stock last closed at $264.09, up 0.79% from the previous day, and has increased 56.25% in one year. It has overperformed other stocks in the Steel industry by 0.09 percentage points. Reliance Steel & Aluminum Co stock is currently +54.95% from its 52-week low of $170.44, and -10.77% from its 52-week high of $295.98.
There are currently 58.56M shares of RS outstanding. The market value of RS is $15.46B. In the past 24 hours, 127,053 RS shares were traded.
How to Buy Reliance Steel & Aluminum Co Stock
Wondering how to invest in Reliance Steel & Aluminum Co stock? Here's how.
- Choose where to buy Reliance Steel & Aluminum Co stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Reliance Steel & Aluminum Co stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your payment method and add your info.
- Analyze Reliance Steel & Aluminum Co stock: The Reliance Steel & Aluminum Co ticker symbol is RS. Is Reliance Steel & Aluminum Co stock a good investment? Should you buy shares of RS? How do RS's underlying business fundamentals look? Do top analysts think Reliance Steel & Aluminum Co is a good buy? Why has RS's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if RS is a good stock to buy).
- Place your RS trade: Decide if you will purchase RS shares at the current market price or use a limit order to buy RS shares at a given price.
- Watch your investment in RS: Create a watchlist to the latest updates on your new investment in Reliance Steel & Aluminum Co shares.
Step 1: Choose where to buy Reliance Steel & Aluminum Co stock
You will need an online brokerage account in order to access the NYSE market and buy RS stock.
Our preferred brokerage: eToro
We believe that eToro is the best place to buy stocks. Here's why:
- Invest in stocks with 0% commissions: Invest without commissions.
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- Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your share purchase by creating an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal info so you are able to invest in RS stock today.
How to Start a New Investment Account on eToro
- Click here to get started.
- Input your personal details to start a new trading account.
- Submit your details by clicking the "Create Account" button.
Step 3: Fund your brokerage account
Now that you've opened your account on one of the best stock market apps, you need to deposit funds:
Check out the video below to see the process of transferring funds into your new investment account.
Step 4: Analyze Reliance Steel & Aluminum Co stock
After you have decided on the best place to buy Reliance Steel & Aluminum Co stock, it's critical to evaluate their stock before you invest, so you can comprehend the risk as well as the upside.
Reliance Steel & Aluminum Co quick stats
RS Fundamentals
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on RS's stock page.
What is the fair value of RS stock?
Analysts use many financial metrics, analyses, models, and charts to gauge RS's intrinsic value.
Using relative valuations ratios:
- RS may be undervalued based on its P/E ratio of 10.29x, relative to Steel industry P/E ratio of 12.7x
- RS could be overvalued based on its P/B ratio of 2.03x, relative to Steel industry P/B ratio of 0.95x
You can do additional valuation research on RS's stock here.
RS Financial Overview
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the RS balance sheet.
- RS earnings of $2.04B is not sufficient to cover its interest payments.
- Total RS debt is lower than 5 years ago, relative to shareholder equity.
- RS's operating cash flow of $2.12B allows it to safely service it's debt of $1.37B.
- RS has a low debt to equity ratio of 0.37.
- There are more short-term assets than short-term liabilities on the RS balance sheet.
Negative Financial Indicators:
- RS profit margin has gone down from 11.3% to 9.6% in the past year.
Is RS stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 sell side analysts who track RS, the consensus analyst rating on RS is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest RS Analyst Upgrades/Downgrades
Philip Gibbs, a top 1% analyst from KeyBanc maintains RS with a strong buy rating and raises their RS price target from $275.00 to $300.00, on Jul 17, 2023.
You can dive deeper into what analysts are saying on the Reliance Steel & Aluminum Co stock forecast page.
RS Trading Indicators
RS Performance Numbers
Last year, RS earnings were $1.51B. In the past 5 year, RS's earnings have increased by 18.5% per year. This was faster than the Steel industry average of 17.15%.
Last year, RS revenue was $15.70B. In the past 5 year, RS's revenue has gone up by 8.23% per year. This was slower than the Steel industry average of 10.37%.
Dig into RS's earnings and revenue performance here.
Who is buying/selling RS?
Over the past 12 months, executives and large shareholders at RS have sold more shares than they have bought.
Karla R. Lewis, President CEO of RS, was the latest RS insider to sell. They sold $116,184.90 worth of RS stock on Sep 1, 2023.
Learn more about who owns RS shares here.
Does RS provide a stable income stream?
Reliance Steel & Aluminum Co pays a dividend of 1.47%, compared to the Steel industry's average dividend yield of 4.09%. If you owned $1,000 of RS stock, you would have received $14.67 last year.
Reliance Steel & Aluminum Co dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Reliance Steel & Aluminum Co dividend yield and history here.
RS Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your RS trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, use a limit order.
Hit the Open Trade button and eToro will execute the order.
If you require additional info about buying stocks on eToro, watch the how to video below:
Step 6: Watch your investment in RS
Now that you own some RS stock, you'll want to stay up-to-date on your new company.
Start a watchlist to see the latest developments about your RS stock.
RS Feed
How to Buy Stock in Reliance Steel & Aluminum Co
To reiterate, here are the 6 steps you need to take to buy Reliance Steel & Aluminum Co stock right now:
- Choose where to buy Reliance Steel & Aluminum Co stock
- Open your brokerage account
- Fund your brokerage account
- Analyze Reliance Steel & Aluminum Co stock
- Place your RS trade
- Watch your investment in RS
If you need a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Reliance Steel & Aluminum Co, add RS to your watchlist by clicking the button below.
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