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NYSE: RS
Reliance Steel & Aluminum Co Stock Forecast, Predictions & Price Target

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Analyst price target for RS

Based on 5 analysts offering 12 month price targets for Reliance Steel & Aluminum Co.
Min Forecast
$190.00+11.12%
Avg Forecast
$216.60+26.67%
Max Forecast
$230.00+34.51%

Should I buy or sell RS stock?

Based on 5 analysts offering ratings for Reliance Steel & Aluminum Co.
Strong Buy
Strong Buy
3 analysts 60%
Buy
2 analysts 40%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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RS stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
BMO Capital
Bottom 36%
36
BuyInitiates Coverage On$230.00+34.51%2022-08-15
KeyBanc
Top 3%
98
Strong BuyMaintains$207.00+21.06%2022-07-19
Citigroup
Top 10%
91
Strong BuyMaintains$230.00+34.51%2022-04-29Find out why
Wolfe Research
Top 23%
78
BuyUpgrades$226.00+32.17%2022-04-29
Anonymous
KeyBanc
Strong BuyMaintains$215.00+25.74%2022-04-20
Goldman Sachs
Top 9%
92
Strong BuyUpgrades$190.00+11.12%2021-11-04

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Forecast return on equity

Is RS forecast to generate an efficient return?
Company
18.55%
Industry
15.91%
Market
118.57%
RS's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is RS forecast to generate an efficient return on assets?
Company
12.22%
Industry
8.83%
RS is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

RS earnings per share forecast

What is RS's earnings per share in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$28.26-8.07%
Avg 2 year Forecast
$21.00-31.69%
Avg 3 year Forecast
$20.41-33.6%
RS's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

RS revenue forecast

What is RS's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$17.1B+0.41%
Avg 2 year Forecast
$14.2B-16.74%
Avg 3 year Forecast
$14.0B-17.4%
RS's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

RS earnings growth forecast

How is RS forecast to perform vs Steel companies and vs the US market?
Company
-16.25%
Industry
-31.88%
Market
16.42%
RS's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
RS's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
RS's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

RS revenue growth forecast

How is RS forecast to perform vs Steel companies and vs the US market?
Company
-8.58%
Industry
-9.56%
Market
8.46%
RS's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
RS's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

RS vs Steel Stocks

TickerPricePrice TargetUp/downsideConsensus
RS$170.99$216.60+26.67%Strong Buy
GGB$4.65$7.90+69.89%Strong Buy
STLD$70.19$85.00+21.10%Hold
CLF$13.27$23.93+80.33%Buy
PKX$40.61N/AN/AHold

Reliance Steel & Aluminum Co Stock Forecast FAQ

Is Reliance Steel & Aluminum Co Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NYSE: RS) stock is to Strong Buy RS stock.

Out of 5 analysts, 3 (60%) are recommending RS as a Strong Buy, 2 (40%) are recommending RS as a Buy, 0 (0%) are recommending RS as a Hold, 0 (0%) are recommending RS as a Sell, and 0 (0%) are recommending RS as a Strong Sell.

If you're new to stock investing, here's how to buy Reliance Steel & Aluminum Co stock.

What is RS's earnings growth forecast for 2022-2024?

(NYSE: RS) Reliance Steel & Aluminum Co's forecast annual earnings growth rate of -16.25% is forecast to beat the US Steel industry's average forecast earnings growth rate of -31.88%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 16.42%.

Reliance Steel & Aluminum Co's earnings in 2022 is $1,913,100,000.On average, 2 Wall Street analysts forecast RS's earnings for 2022 to be $1,703,912,142, with the lowest RS earnings forecast at $1,673,162,135, and the highest RS earnings forecast at $1,734,662,149. On average, 3 Wall Street analysts forecast RS's earnings for 2023 to be $1,266,176,751, with the lowest RS earnings forecast at $949,632,563, and the highest RS earnings forecast at $1,480,220,916.

In 2024, RS is forecast to generate $1,230,603,214 in earnings, with the lowest earnings forecast at $1,230,603,214 and the highest earnings forecast at $1,230,603,214.

What is RS's revenue growth forecast for 2022-2024?

(NYSE: RS) Reliance Steel & Aluminum Co's forecast annual revenue growth rate of -8.58% is forecast to beat the US Steel industry's average forecast revenue growth rate of -9.56%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.46%.

Reliance Steel & Aluminum Co's revenue in 2022 is $17,003,100,000.On average, 3 Wall Street analysts forecast RS's revenue for 2022 to be $1,029,421,173,567, with the lowest RS revenue forecast at $1,003,855,075,258, and the highest RS revenue forecast at $1,042,376,995,554. On average, 3 Wall Street analysts forecast RS's revenue for 2023 to be $853,589,800,804, with the lowest RS revenue forecast at $760,791,344,958, and the highest RS revenue forecast at $931,875,338,729.

In 2024, RS is forecast to generate $846,770,775,764 in revenue, with the lowest revenue forecast at $846,770,775,764 and the highest revenue forecast at $846,770,775,764.

What is RS's forecast return on assets (ROA) for 2022-2025?

(NYSE: RS) forecast ROA is 12.22%, which is higher than the forecast US Steel industry average of 8.83%.

What is RS's Price Target?

According to 5 Wall Street analysts that have issued a 1 year RS price target, the average RS price target is $216.60, with the highest RS stock price forecast at $230.00 and the lowest RS stock price forecast at $190.00.

On average, Wall Street analysts predict that Reliance Steel & Aluminum Co's share price could reach $216.60 by Aug 15, 2023. The average Reliance Steel & Aluminum Co stock price prediction forecasts a potential upside of 26.67% from the current RS share price of $170.99.

What is RS's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: RS) Reliance Steel & Aluminum Co's current Earnings Per Share (EPS) is $30.74. On average, analysts forecast that RS's EPS will be $28.26 for 2022, with the lowest EPS forecast at $27.75, and the highest EPS forecast at $28.77. On average, analysts forecast that RS's EPS will be $21.00 for 2023, with the lowest EPS forecast at $15.75, and the highest EPS forecast at $24.55. In 2024, RS's EPS is forecast to hit $20.41 (min: $20.41, max: $20.41).

What is RS's forecast return on equity (ROE) for 2022-2025?

(NYSE: RS) forecast ROE is 18.55%, which is considered weak.
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