News headlines about Reliance Steel & Aluminum (NYSE:RS) have trended somewhat positive on Tuesday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Reliance Steel & Aluminum earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 47.0558570745173 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- Reliance Steel & Aluminum Shows Rising Relative Strength; Still Shy Of Key Threshold (finance.yahoo.com)
- Piper Jaffray Companies (NYSE:PJC), Reliance Steel & Aluminum Co. (NYSE:RS): A Closer Look at the Technicals … – SCY News (scynews.com)
- Reliance Steel & Aluminum Co. (NYSE:RS): Investors Poring into The Details on the Shares as EV Hits 8069299 – Clawson News (clawsonnews.com)
- $2.29 Billion in Sales Expected for Reliance Steel & Aluminum Co. (RS) This Quarter (americanbankingnews.com)
- Reliance Steel & Aluminum Co. (RS) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
Shares of Reliance Steel & Aluminum (RS) traded up $0.81 during trading on Tuesday, reaching $87.13. The company’s stock had a trading volume of 380,877 shares, compared to its average volume of 492,383. The company has a market cap of $6,340.00, a P/E ratio of 17.12, a PEG ratio of 1.84 and a beta of 1.29. The company has a quick ratio of 1.79, a current ratio of 4.06 and a debt-to-equity ratio of 0.43. Reliance Steel & Aluminum has a 12 month low of $68.46 and a 12 month high of $88.58.
The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Thursday, November 16th. Reliance Steel & Aluminum’s payout ratio is 35.36%.
RS has been the topic of several research analyst reports. Clarkson Capital reaffirmed a “buy” rating on shares of Reliance Steel & Aluminum in a research report on Wednesday, November 15th. Cowen reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Reliance Steel & Aluminum in a research report on Friday, September 1st. Zacks Investment Research raised Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Monday, October 16th. ValuEngine downgraded Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Bank of America reaffirmed a “buy” rating and issued a $89.00 price objective (up previously from $88.00) on shares of Reliance Steel & Aluminum in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $80.33.
In other news, SVP William A. Smith II sold 1,123 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $82.69, for a total transaction of $92,860.87. Following the transaction, the senior vice president now owns 15,320 shares of the company’s stock, valued at approximately $1,266,810.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.18% of the stock is currently owned by corporate insiders.
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About Reliance Steel & Aluminum
Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).
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