JPMorgan Chase & Co. Has Lowered Expectations for Reliance (NYSE:RS) Stock Price

Reliance (NYSE:RS) had its target price lowered by JPMorgan Chase & Co. from $345.00 to $340.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 18.03% from the company’s current price.

Several other brokerages also recently issued reports on RS. BMO Capital Markets lowered their price target on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Wells Fargo & Company boosted their price objective on Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a research report on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a research report on Monday. Finally, Zacks Research lowered Reliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Reliance presently has an average rating of “Hold” and an average target price of $317.25.

Reliance Price Performance

Shares of RS stock traded down $0.02 on Friday, reaching $288.07. The company had a trading volume of 57,112 shares, compared to its average volume of 380,960. The business’s 50-day moving average is $277.11 and its 200 day moving average is $293.75. Reliance has a one year low of $250.07 and a one year high of $347.43. The company has a quick ratio of 2.08, a current ratio of 4.43 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $15.06 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.82 and a beta of 0.92.

Reliance (NYSE:RS) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.54 billion. Reliance had a return on equity of 10.37% and a net margin of 5.23%.Reliance’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.64 earnings per share. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Equities research analysts forecast that Reliance will post 16.98 EPS for the current fiscal year.

Insider Transactions at Reliance

In other Reliance news, COO Stephen Paul Koch sold 3,066 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $283.56, for a total transaction of $869,394.96. Following the completion of the sale, the chief operating officer owned 14,021 shares of the company’s stock, valued at approximately $3,975,794.76. This represents a 17.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Karla R. Lewis sold 5,809 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $283.50, for a total transaction of $1,646,851.50. Following the transaction, the chief executive officer owned 84,421 shares of the company’s stock, valued at approximately $23,933,353.50. The trade was a 6.44% decrease in their position. The SEC filing for this sale provides additional information. 0.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Reliance

Several large investors have recently modified their holdings of RS. Focus Partners Wealth grew its stake in Reliance by 387.5% during the first quarter. Focus Partners Wealth now owns 7,405 shares of the industrial products company’s stock worth $2,138,000 after purchasing an additional 5,886 shares during the period. Plato Investment Management Ltd lifted its stake in Reliance by 478.2% in the first quarter. Plato Investment Management Ltd now owns 5,262 shares of the industrial products company’s stock valued at $1,536,000 after buying an additional 4,352 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Reliance by 11.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,285 shares of the industrial products company’s stock worth $133,196,000 after buying an additional 46,377 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Reliance by 6.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 229,418 shares of the industrial products company’s stock worth $72,015,000 after buying an additional 13,268 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in shares of Reliance during the 2nd quarter worth approximately $72,373,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

About Reliance

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.