Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Reliance Steel & Aluminum Co (NYSE: RS) improved during the last several trading days. RS’ current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Reliance Steel & Aluminum Co (NYSE: RS) stock rose slightly by 0.2% on 11/15/24. The stock closed at $310.44. Trading volume in this advance was normal. The stock has been weak relative to the market over the last nine months and has declined -3.3% during the last week.
Current PriceTarget Research Rating
Reliance Steel & Aluminum has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Reliance Steel & Aluminum has a slightly positive Appreciation Score of 64 but a poor Power Rating of 25, resulting in the Low Neutral Value Trend Rating.
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