Reliance, Inc. (RS) Stock Price, News, Analysis

Technical Score (1D)

BUY

News Sentiment

BULLISH

Reliance Industries (RS) received a short‑term earnings lift after the Indian government announced a cut in windfall taxes on diesel, petrol and aviation turbine fuel exports, which immediately improves its cash‑flow profile. The same day the company disclosed a Rs 12,500 crore five‑year domestic bond issuance, tightening its funding mix and lowering refinancing risk over the next few years. Together, the tax relief and the new debt issuance bring RS’s valuation closer to analyst fair‑value estimates, suggesting a modest upside for investors in the near term. The tax cut is a one‑off benefit that will expire once the windfall tax is reinstated, so the earnings boost is likely to be temporary. The bond issuance, however, provides a longer‑term cushion that could support RS’s ability to finance growth projects or weather market volatility. Over the next 1–10 trading days, traders should monitor the company’s earnings releases to see how much of the tax benefit is reflected in the quarterly results. Additionally, watch for any updates on the windfall tax policy, as a reversal could quickly erode the earnings lift. Finally, keep an eye on the bond market conditions; a tightening of rates could affect the cost of future refinancing for RS.

RS|Analyst Targets

LOW TARGET

$390 -0.0%

2 analysts

MEAN TARGET

$409 +4.8%

11 analysts

HIGH TARGET

$425 +8.9%

6 analysts

PRICE RANGE

$390.00 - $425.00

SB / B / H / S / SS

3/6/8/1/1

DAILYIQ EST.

$410.09 (+5.1%)

RS|Company Info

Sector

Basic Materials

Industry

Steel

Exchange

NYQ

Country

United States

Website

reliance.com

Symbol

Description

Reliance, Inc. is a leading North American metals solutions provider, operating primarily in the United States and Canada. The company's core business revolves around the distribution of a wide array of metal products, encompassing alloy, aluminum, brass, copper, and various steel and specialty metal offerings. Reliance also provides essential processing services, catering to a diverse customer base spanning consumer goods, construction, transportation, aerospace, and energy sectors, among others. Its direct sales model targets original equipment manufacturers, including small machine shops and fabricators, positioning the company as a critical supply chain partner. Formerly known as Reliance Steel & Aluminum Co., the company has a long history, dating back to its founding in 1939, and is headquartered in Phoenix, Arizona.

RS|Insider Trading

Bought (1Y)

0 shares

Sold (1Y)

6,095 shares

$2.5M

Colonias Karen Winifred-

Sell1,542 shares2026-08-26

Ajemyan ArthurSVP, CFO

Sell2,200 shares2026-07-31

Smith William A IISVP, General Counsel, Corp Sec

Sell1,391 shares2026-07-28

Smith William A IISVP, General Counsel, Corp Sec

Sell962 shares2026-07-28

Baldwin Lisa-

Award/Grant469 shares2026-05-20

RS|Fundamentals

Bullish

Verdict: Bullish

✓Revenue growing year over year

✓Positive net margin

✓Positive operating cash flow

Gross Margin

28.7%

Net Margin

5.2%

Revenue CAGR

3.0%

Current Ratio

4.88x

Debt / Equity

0.20x

Return on Equity

10.3%

RS|Earnings Snapshot

Earnings Summary

Reliance, Inc. (RS) is a North American metals solutions provider headquartered in Phoenix, Arizona, distributing a broad range of metal products and offering processing services to sectors such as construction, aerospace, and energy. Operating within the Basic Materials sector and the steel industry, the company serves original equipment manufacturers through a direct sales model. In Q4 2024, RS reported revenue of $3.13 billion, slightly below the $3.25 billion estimate, while EPS of $2.22 fell short of the $2.73 estimate, indicating a modest revenue decline and an earnings miss. The following quarter, Q2 2026, saw a strong rebound with revenue of $4.63 billion versus a $4.37 billion estimate and EPS of $6.27 beating the $5.58 estimate, reflecting a 26.5 % YoY revenue growth and a 41.5 % EPS lift, largely driven by the U.S. border‑wall project. The company’s earnings trend shows a clear acceleration from a miss in Q4 2024 to a beat in Q2 2026, with revenue growth outpacing EPS growth in the latter period. Historically, RS has delivered consistent revenue increases, with recent quarters showing a pattern of revenue growth even when EPS misses or margins pressure are noted. Notably, the company’s Q2 2026 performance was highlighted by Jim Cramer’s endorsement, citing the strong earnings beat and the significant contribution from defense infrastructure spending. Investors should watch the next earnings cycle for guidance on cost‑control initiatives and potential shifts in the U.S. border‑wall program, as well as any changes in telecom revenue growth that could impact margins. Monitoring commodity price movements and broader infrastructure demand will also be key to assessing whether the recent earnings momentum can be sustained.}}

Read full report

EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$6.79	-	-
Q2'26	$5.58	$6.27	+12.4%
Q4'24	$2.73	$2.22	-18.5%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$4.8B	-	-
Q2'26	$4.4B	$4.6B	+5.9%
Q4'24	-	$3.1B	-

Full Earnings BreakdownEstimates, actuals, guidance, and historical context

→

RS|Monthly Returns

Market Data

RS Stock Snapshot

HOLD59/100

$388.11−$1.97 (0.5%)

Market cap: 20.55B
P/E ratio: 23.0
Day range: $385.79 – $401.00
News sentiment: 59/100 · Neutral
Analyst target: $408.88 (+5.4%)
Consensus: Hold · 19 analysts

52-week range+49.1% off low · -10.4% from high

$260.31$433.02

Price $388.11 DailyIQ Est. $410.09

RS is in a holding pattern - neither trend nor momentum has taken control. Institutional coverage is thorough here, so shifts in analyst expectations show up in price quickly.

Reverse DCF

What growth is priced into RS?

RICH

At today's price, Reliance, Inc. needs to grow free cash flow about 25.7% a year for the next 10 years to justify its valuation at a 8.48% cost of capital. Over its actual history it has compounded free cash flow at 9.0% a year, so the market is asking for 16.7 percentage points above its own delivered rate. On that basis RS looks priced above what its own growth record supports.

Implied FCF growth: 25.7%
Historical FCF CAGR: 9.0%
Growth gap: +16.7 pts
Verdict: RICH
Discount rate (WACC): 8.48%
Beta: 0.77

Behaviour On Record

What RS's own history says about today's numbers

Realized volatility (21d): 28.1% 65th pct
Below its peak: -9.8%
vs 200-day average: +11.0%
Up days (1y): 54%

Reliance, Inc. is currently running 28.1% annualised volatility over the last 21 sessions. Measured against RS's own 13 years of daily returns rather than a market-wide average, that is the 65th percentile — a little above its own norm, against a typical reading of 24.7%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

RS is trading -9.8% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -22.1%, and the deepest was -41.2% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits +11.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 68th percentile — a somewhat wider gap than its own norm. Over the past year RS closed higher on 54% of sessions, and it is currently 1 session into a falling streak.

On September specifically: over 13 years of records, RS finished the month higher 4 of 13 times, with a median return of -2.8% and an average of -1.8%. Its strongest month historically has been February at +5.5% on average, its weakest September at -1.8%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: RS has opened more than 2% away from the prior close in 147 of 3,268 sessions (4.5% of the time), with the largest gaps running +9.6% and -9.2%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,269 daily closes between 2013-09-19 and 2026-09-18, split-adjusted, recomputed daily. Percentiles are against RS's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of RS's sector?

Reliance, Inc. sits in the Materials sector, currently ranked 7th of 11 GICS sectors by relative-strength rotation score (lagging).

Sector rank: #7 of 11
Sector state: Lagging
Sector rotation score: 10

Options Market

What is the options market pricing for RS?

CallsPuts

For Reliance, Inc.'s nearest expiry (2026-10-16, 27 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.34), with at-the-money implied volatility around 43.5%. The options market is pricing roughly a ±10.8% move by that expiry — a range of about $297.74–$369.76.

Put/call ratio (2026-10-16): 0.34
ATM implied volatility: 43.5%
Total open interest: 106
Expected move by 2026-10-16: ±10.8% ($297.74–$369.76)

Analyst Rating Changes

Are analysts turning bullish or bearish on RS?

JP Morgan most recently reiterated its rating on Reliance, Inc. to Neutral on Sep 9, 2026 with a price target of $390 (from $398). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action: JP Morgan — Neutral
90-day upgrades: 0
90-day downgrades: 0
Net rating momentum: 0

Date	Firm	Action	Rating	Price target
Sep 9, 2026	JP Morgan	Maintained	Neutral	$398 → $390
Aug 24, 2026	Wells Fargo	Maintained	Equal-Weight	$398 → $391
Jul 27, 2026	BMO Capital	Maintained	Market Perform	$390 → $415
Jul 23, 2026	Wells Fargo	Maintained	Equal-Weight	$372 → $398
Jul 15, 2026	JP Morgan	Maintained	Neutral	$378 → $376
Jul 9, 2026	Wells Fargo	Maintained	Equal-Weight	$376 → $372
Jun 24, 2026	Keybanc	Maintained	Overweight	$378 → $418
Jun 10, 2026	JP Morgan	Maintained	Neutral	$345 → $378
Jun 4, 2026	Wells Fargo	Maintained	Equal-Weight	$343 → $376
Apr 28, 2026	Seaport Global	Maintained	Buy	$340 → $390
Apr 27, 2026	BMO Capital	Maintained	Market Perform	$320 → $350
Apr 27, 2026	Keybanc	Maintained	Overweight	$341 → $378

RS Competitive Positioning

Reliance, Inc. (RS) is tracked alongside these names in Steel on DailyIQ — ranked by market cap, with today's move alongside.

Held by These ETFs

RS is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.

News Sentiment Analysis

Sentiment gathered from recent headlines

59/100

Strong NegativeNeutralStrong Positive

MODERATELY BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

Reliance (RS) has posted a year‑to‑date return that exceeds the average of the Basic Materials sector, according to a recent comparison. The company’s Zacks Rank of #1 (Strong Buy) reflects positive earnings expectations and upward revisions. While the sector overall sits at #15 in the Zacks Sector Rank, RS’s performance suggests it may be a top‑performing pick for investors seeking material upside. The analysis does not indicate any immediate catalysts or risks beyond the current earnings outlook.

What did this article say?

Reliance (RS) has posted robust growth over the past decade, with net sales reaching $14.3 billion in 2025. The company remains the largest North American metals service center, serving over 125,000 customers across diverse industries. Carbon steel constitutes 55% of its product mix, underscoring its focus on high-demand materials. Investors should monitor RS's upcoming earnings and any new product launches for potential catalysts.

What did this article say?

Reliance benefited from a government windfall‑tax cut on diesel, petrol, and aviation turbine fuel exports, coupled with a Rs 12,500 crore five‑year domestic bond issuance that reshapes its near‑term funding mix. The tax relief provided a short‑term lift, reflected in a 1‑day gain of 1.59% and a 7‑day gain of 2.08%. However, the 30‑day decline of 4.95% and broader market backdrop temper the upside. The article suggests that while the tax cut offers a positive tailwind, the bond issuance may increase long‑term debt exposure, warranting close monitoring.

What did this article say?

Brookfield’s private‑equity arm has agreed to acquire Reliance Worldwide Corporation (RS) in a $2.8 billion all‑cash transaction, valuing the company at $3.38 per share. The deal is expected to accelerate RS’s global expansion in plumbing and heating solutions, providing capital and strategic support for its next growth phase. Shareholders will vote on the proposal, but the board’s unanimous recommendation indicates strong confidence in the offer. The acquisition positions RS to leverage Brookfield’s resources and market reach, potentially boosting earnings and market share.

What did this article say?

Reliance (RS) has surged 33% year‑to‑date, outperforming the broader mining sector. The rally is driven by strong construction and infrastructure demand, especially in data centers, energy projects and the Department of Homeland Security border wall. Strategic acquisitions, solid cash flow and enhanced shareholder returns through dividends and buybacks have further bolstered investor confidence. The company expects this momentum to continue despite potential supply constraints.

What did this article say?

Reliance (RS) was praised by Jim Cramer on Mad Money, calling it a "very good" and "fine" company, and noting it was not outrageously expensive after a sharp move higher. The endorsement came alongside RS’s second‑quarter results, which showed revenue up 26.5% YoY, tons sold up 10.8%, and non‑GAAP diluted EPS rising 41.5% to $6.27. The U.S. border‑wall project contributed significantly to growth, adding 5.2 percentage points to tons‑sold and $0.41 to EPS. The combination of a high‑profile endorsement and robust earnings supports a bullish view for RS, though the upside is incremental rather than transformative.

What did this article say?

JP Morgan’s analyst Bennett Moore has trimmed Reliance’s (RS) price target from $398 to $390 while keeping a neutral stance. The downgrade signals a modest view that the company’s valuation is slightly over‑priced relative to peers. The move reflects concerns about margin pressure and slower revenue growth in the telecom sector. Investors should monitor upcoming earnings for any shift in guidance or cost‑control progress.

What did this article say?

Reliance, Inc. (RS) participated in the Jefferies Global Industrials Conference on September 9, 2026, with CEO Karla Lewis addressing industry trends and company outlook. The presentation focused on RS’s strategic initiatives in industrial automation and supply chain optimization, without providing new financial guidance or material updates. Investors should note that the conference appearance did not alter RS’s current valuation metrics or earnings expectations.

What did this article say?

Reliance, Inc. (RS) confirmed that its CEO and COO will present at the 2026 Jefferies Global Industrials Conference on September 9 in New York City. The company will webcast the session live from its investor website. The announcement does not indicate any change to guidance, earnings expectations, or strategic direction. It simply signals RS’s intent to engage with analysts and investors during the conference. The event is a routine investor‑relations activity with no material impact on the business. Traders should note the scheduled presentation but expect no immediate catalyst.

What did this article say?

Wells Fargo analyst Timna Tanners has lowered its price target for Reliance (RS) from $398 to $391 while keeping the stock on an equal‑weight recommendation. The downgrade signals a modest reassessment of RS’s valuation, likely reflecting concerns about margin compression and competitive pressure in the telecom sector. The change does not alter the overall recommendation but may weigh on short‑term investor sentiment. Traders should monitor RS’s earnings guidance and any updates on its cost‑control initiatives.

Technical Analysis

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Institutional & Hedge Fund Ownership

25 tracked managers · $6.85B combined position · 12 adding, 12 trimming, 1 unchanged (latest 13F filings)

Manager	Trend	Shares Held	% of Co.	Position Value	Filed
BlackRock, Inc.	▼ Sell	5,811,245	10.97%	$2.17B	2026-08-07
Vanguard Group Inc	▼ Sell	6,057,140	11.44%	$1.75B	2026-01-29
Wellington Management Group LLP	▼ Sell	1,330,345	2.51%	$497.02M	2026-08-14
Geode Capital Management, LLC	▼ Sell	953,533	1.80%	$355.23M	2026-08-12
Norges Bank	▼ Sell	653,621	1.23%	$244.19M	2026-08-12
JPMorgan Chase & Co	▲ Buy	625,356	1.18%	$235.04M	2026-08-12
AllianceBernstein L.P.	▼ Sell	722,478	1.36%	$219.58M	2026-08-14
Morgan Stanley	▼ Sell	576,265	1.09%	$215.29M	2026-08-13
Northern Trust Corp	▼ Sell	473,677	0.89%	$176.97M	2026-08-13
William Blair Investment Management, LLC	▼ Sell	382,494	0.72%	$142.90M	2026-08-12
Two Sigma Investments, LP	▲ Buy	335,144	0.63%	$125.21M	2026-08-14
FMR LLC (Fidelity)	▼ Sell	301,975	0.57%	$112.82M	2026-08-13
Citadel Advisors LLC	• Hold	287,506	0.54%	$107.41M	2026-09-02
Goldman Sachs Group Inc	▲ Buy	282,315	0.53%	$105.47M	2026-08-14
Bank of America Corp	▲ Buy	264,308	0.50%	$98.75M	2026-08-14
Invesco Ltd.	▲ Buy	199,921	0.38%	$74.69M	2026-08-14
AQR Capital Management LLC	▼ Sell	103,354	0.20%	$38.61M	2026-08-14
Gotham Asset Management, LLC	▲ Buy	87,467	0.17%	$32.68M	2026-08-14
Wells Fargo & Company	▲ Buy	81,739	0.15%	$30.54M	2026-08-14
Susquehanna International Group, LLP	▲ Buy	68,882	0.13%	$25.73M	2026-08-14
Renaissance Technologies LLC	▲ Buy	66,252	0.13%	$24.75M	2026-08-13
Citigroup Inc	▲ Buy	55,306	0.10%	$20.66M	2026-08-03
Balyasny Asset Management L.P.	▼ Sell	51,122	0.10%	$19.10M	2026-08-14
Marshall Wace, LLP	▲ Buy	58,680	0.11%	$16.95M	2026-02-13
Prudential Financial Inc	▲ Buy	26,257	0.05%	$9.81M	2026-08-12

Q2 2026 flow:587.1K sh bought ($219.66M)950.6K sh sold ($352.58M)net -363.5K sh (−$132.92M)

Congressional Trading Activity

5 disclosed trades · ~$40.0K est. traded value · 2 buys, 3 sells

Member	Chamber	State	Type	Amount	Traded	Filed
Lisa McClain	House	MI09	▼ Sell	$1K - $15K	2025-09-25	2025-10-22
Lisa McClain	House	MI09	▲ Buy	$1K - $15K	2025-08-04	2025-09-12
Lisa McClain	House	MI09	▼ Sell	$1K - $15K	2025-06-24	2025-08-13
Lisa McClain	House	MI09	▲ Buy	$1K - $15K	2025-06-17	2025-08-13
Julie Johnson	House	TX32	▼ Sell	$1K - $15K	2025-04-07	2025-05-14

RS·Reliance, Inc.

EPS

Revenue

RS Stock Snapshot

What growth is priced into RS?

What RS's own history says about today's numbers

Is money rotating into or out of RS's sector?

What is the options market pricing for RS?

Are analysts turning bullish or bearish on RS?

RS Competitive Positioning

Held by These ETFs

News Sentiment Analysis

Recent News Coverage

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News Sentiment Analysis

Recent News Coverage

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RS·Reliance, Inc.

EPS

Revenue

RS Stock Snapshot

What growth is priced into RS?

What RS's own history says about today's numbers

Is money rotating into or out of RS's sector?

What is the options market pricing for RS?

Are analysts turning bullish or bearish on RS?

RS Competitive Positioning

Held by These ETFs

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

Market Status

Recently Viewed

Portfolio

Email Alerts

Portfolio News

Economic Events

Earnings Events

Economic News