Reliance (RS) Stock Forecast & Price Target

$316.35 +2.82 (+0.90%)

(As of 11/21/2024 ET)

Reliance - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 5 Analyst Ratings

Sell
1

Hold
2

Buy
2

Based on 5 Wall Street analysts who have issued ratings for Reliance in the last 12 months, the stock has a consensus rating of "Hold." Out of the 5 analysts, 1 has given a sell rating, 2 have given a hold rating, and 2 have given a buy rating for RS.

Consensus Price Target

$326.40
3.18% Upside

According to the 5 analysts' twelve-month price targets for Reliance, the average price target is $326.40. The highest price target for RS is $380.00, while the lowest price target for RS is $262.00. The average price target represents a forecasted upside of 3.18% from the current price of $316.35.

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RS Analyst Ratings Over Time

Type	Current Forecast 11/23/23 to 11/22/24	1 Month Ago 10/24/23 to 10/23/24	3 Months Ago 8/25/23 to 8/24/24	1 Year Ago 11/23/22 to 11/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$326.40	$329.40	$329.40	$275.00
Forecasted Upside	3.18% Upside	16.55% Upside	16.75% Upside	2.68% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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RS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Reliance Stock vs. The Competition

Type	Reliance	Basic Materials Companies	S&P 500
Consensus Rating Score	2.20	2.76	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	3.18% Upside	120.11% Upside	8.55% Upside
News Sentiment Rating	Neutral News See Recent RS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/25/2024	BMO Capital Markets 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$340.00 ➝ $330.00	+15.06%
10/14/2024	KeyCorp 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$335.00 ➝ $325.00	+11.70%
7/26/2024	Wolfe Research 3 of 5 stars	T. Tanners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Peer Perform ➝ Underperform	$262.00	-15.09%
6/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$340.00 ➝ $335.00	+18.81%
4/11/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$280.00 ➝ $380.00	+14.47%
3/10/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$245.00 ➝ $270.00	+7.90%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:07 AM ET.

RS Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Reliance is $326.40, with a high forecast of $380.00 and a low forecast of $262.00.
: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reliance in the last twelve months. There is currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RS, but not buy additional shares or sell existing shares.
: According to analysts, Reliance's stock has a predicted upside of 3.18% based on their 12-month stock forecasts.
: Reliance has been rated by research analysts at BMO Capital Markets, and KeyCorp in the past 90 days.
: Analysts like Reliance less than other "basic materials" companies. The consensus rating for Reliance is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how RS compares to other companies.

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This page (NYSE:RS) was last updated on 11/22/2024 by MarketBeat.com Staff

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Reliance (RS) Stock Forecast & Price Target