Reliance Steel (RS) was downgraded to a Hold Rating at BMO Capital
Reliance Steel received a Hold rating and price target from BMO Capital analyst Katja Jancic yesterday.
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Jancic covers the Basic Materials sector, focusing on stocks such as Alcoa, Nucor, and Reliance Steel. According to TipRanks, Jancic has an average return of 33.3% and a 77.32% success rate on recommended stocks.
In addition to BMO Capital, Reliance Steel also received a Hold from TipRanks – xAI’s xAi Steel in a report issued on February 3. However, on the same day, TipRanks – OpenAI reiterated a Buy rating on Reliance Steel (NYSE: RS).
Based on Reliance Steel’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.65 billion and a net profit of $189.5 million. In comparison, last year the company earned a revenue of $3.42 billion and had a net profit of $199.2 million
Based on the recent corporate insider activity of 19 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 December 2025, Stephen Paul Koch, the Exec. VP, COO of RS sold 3,066.00 shares for a total of $869,388.74.
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