Goldman Sachs Reaffirms Their Hold Rating on Reliance Steel (RS)
In a report released yesterday, Nick Cash from Goldman Sachs maintained a Hold rating on Reliance Steel, with a price target of $379.00. The company’s shares closed yesterday at $405.92.
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According to TipRanks, Cash is a 3-star analyst with an average return of 23.2% and a 100.00% success rate. Cash covers the Basic Materials sector, focusing on stocks such as Cleveland-Cliffs, Nucor, and Freeport-McMoRan.
The word on The Street in general, suggests a Hold analyst consensus rating for Reliance Steel with a $375.86 average price target, which is a -7.41% downside from current levels. In a report released on June 10, J.P. Morgan also maintained a Hold rating on the stock with a $378.00 price target.
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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