J.P. Morgan Reaffirms Their Hold Rating on Reliance Steel (RS)
J.P. Morgan analyst Bill Peterson maintained a Hold rating on Reliance Steel today and set a price target of $378.00.
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Peterson covers the Basic Materials sector, focusing on stocks such as Steel Dynamics, Nucor, and Freeport-McMoRan. According to TipRanks, Peterson has an average return of 7.7% and a 49.41% success rate on recommended stocks.
Reliance Steel has an analyst consensus of Hold, with a price target consensus of $362.43.
Based on Reliance Steel’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.03 billion and a net profit of $266.3 million. In comparison, last year the company earned a revenue of $3.48 billion and had a net profit of $199.7 million
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RS in relation to earlier this year. Most recently, in April 2026, Arthur Ajemyan, the SVP, CFO of RS sold 3,500.00 shares for a total of $1,253,403.30.
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