Somewhat Positive Media Coverage Somewhat Unlikely to Affect Reliance Steel & Aluminum (RS) Share Price

News stories about Reliance Steel & Aluminum (NYSE:RS) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Reliance Steel & Aluminum earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 47.321234696398 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

RS has been the subject of several analyst reports. Cowen reissued a “buy” rating and set a $92.00 price target on shares of Reliance Steel & Aluminum in a research report on Wednesday, October 4th. Jefferies Group reissued a “hold” rating and set a $72.00 price target on shares of Reliance Steel & Aluminum in a research report on Friday, October 6th. Zacks Investment Research raised shares of Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Monday, October 16th. ValuEngine raised shares of Reliance Steel & Aluminum from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Finally, Clarkson Capital reissued a “buy” rating on shares of Reliance Steel & Aluminum in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $83.50.

Shares of Reliance Steel & Aluminum (NYSE:RS) traded up $1.94 on Thursday, reaching $90.83. 507,400 shares of the company’s stock traded hands, compared to its average volume of 451,331. The stock has a market cap of $6,480.00, a PE ratio of 17.84, a P/E/G ratio of 1.64 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 fifty-two week low of $68.46 and a fifty-two week high of $90.85.

Reliance Steel & Aluminum (NYSE:RS) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.11. The business had revenue of $2.45 billion during the quarter. Reliance Steel & Aluminum had a net margin of 3.97% and a return on equity of 8.61%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 EPS. analysts predict that Reliance Steel & Aluminum will post 5.21 earnings per share for the current fiscal year.

In other news, SVP William A. Smith II sold 1,123 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $82.69, for a total value of $92,860.87. Following the completion of the sale, the senior vice president now directly 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 SEC, which is available at the SEC website. Company insiders own 3.18% of the company’s stock.

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Reliance Steel & Aluminum Company Profile

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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