On 11/6/24, Reliance Steel & Aluminum Co (NYSE: RS) stock enjoyed a major increase of 11.9%, closing at $326.32. Moreover, trading volume in this advance was exceptionally high at 209% of normal. The stock has been weak relative to the market over the last nine months but has risen 10.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RS is expected to continue to be an important Value Builder.
Reliance Steel & Aluminum has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Reliance Steel & Aluminum has a slightly positive Appreciation Score of 64 but a slightly negative Power Rating of 30, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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