Reliance Steel Aluminum Stock Buy Hold or Sell Recommendation
RS Stock | USD 336.90 5.52 1.67% |
Allowing for the 90-day total investment horizon and your above-average risk tolerance, our recommendation regarding Reliance Steel Aluminum is 'Hold'. Macroaxis provides Reliance Steel buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding RS positions. The advice algorithm takes into account all of Reliance Steel's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Reliance Steel's buy or sell advice are summarized below:
Real Value 271.15 | Target Price 293 | Hype Value 338.11 | Market Value 336.9 | Naive Value 348.22 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Reliance Steel Aluminum given historical horizon and risk tolerance towards Reliance Steel. When Macroaxis issues a 'buy' or 'sell' recommendation for Reliance Steel Aluminum, the advice is generated through an automated system that utilizes algorithms and statistical models.
Reliance |
Execute Reliance Steel Buy or Sell Advice
The Reliance recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Reliance Steel Aluminum. Macroaxis does not own or have any residual interests in Reliance Steel Aluminum or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Reliance Steel's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Hold
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Reliance Steel Trading Alerts and Improvement Suggestions
Over 81.0% of the company shares are owned by institutional investors | |
On 22nd of March 2024 Reliance Steel paid $ 1.1 per share dividend to its current shareholders | |
Latest headline from businesswire.com: RS Implements GroupBys eCommerce Search and Product Discovery Platform powered by Google Cloud Vertex AI Search for Retail |
Reliance Steel Returns Distribution Density
The distribution of Reliance Steel's historical returns is an attempt to chart the uncertainty of Reliance Steel's future price movements. The chart of the probability distribution of Reliance Steel daily returns describes the distribution of returns around its average expected value. We use Reliance Steel Aluminum price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Reliance Steel returns is essential to provide solid investment advice for Reliance Steel.
Mean Return | 0.31 | Value At Risk | -1.83 | Potential Upside | 2.07 | Standard Deviation | 1.93 |
Return Density |
Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Reliance Steel historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Reliance Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Reliance Steel is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Reliance Steel Aluminum backward and forwards among themselves. Reliance Steel's institutional investor refers to the entity that pools money to purchase Reliance Steel's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Amvescap Plc. | 2023-12-31 | 813.6 K | Lsv Asset Management | 2023-12-31 | 772 K | Norges Bank | 2023-12-31 | 667.5 K | Lord, Abbett & Co Llc | 2023-12-31 | 633.7 K | Northern Trust Corp | 2023-12-31 | 631.2 K | T. Rowe Price Investment Management,inc. | 2023-12-31 | 621.9 K | Bank Of New York Mellon Corp | 2023-12-31 | 582.8 K | Pacer Advisors, Inc. | 2023-12-31 | 536.5 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 514.4 K | Vanguard Group Inc | 2023-12-31 | 7 M | Blackrock Inc | 2023-12-31 | 6.3 M |
Reliance Steel Cash Flow Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Change To Inventory | 211.8M | 227.5M | (505.9M) | 58.9M | (41.5M) | (39.4M) | |
Change In Cash | 46.1M | 509.2M | (383M) | 872.9M | (93.2M) | (88.5M) | |
Free Cash Flow | 1.1B | 1.0B | 562.8M | 1.8B | 1.2B | 1.3B | |
Depreciation | 219.3M | 227.3M | 230.2M | 240.2M | 245.4M | 124.3M | |
Other Non Cash Items | 13.1M | 144.5M | 14.5M | 30.6M | 6.9M | 12.2M | |
Dividends Paid | 151.3M | 164.1M | 177M | 217.1M | (238.1M) | (226.2M) | |
Capital Expenditures | 242.2M | 172M | 236.6M | 341.8M | 468.8M | 492.2M | |
Net Income | 706.1M | 372.4M | 1.4B | 1.8B | 1.3B | 1.4B | |
End Period Cash Flow | 174.3M | 683.5M | 300.5M | 1.2B | 1.1B | 1.1B | |
Change Receivables | (153.3M) | 178.1M | 136.8M | (656.1M) | (590.5M) | (561.0M) | |
Net Borrowings | (617.9M) | 52.4M | (1.5M) | (2.5M) | (2.3M) | (2.4M) | |
Change To Netincome | 96.8M | 173M | 65.9M | 93.3M | 107.3M | 112.7M | |
Investments | (419.1M) | (188.4M) | (652.3M) | (348.5M) | (471.9M) | (448.3M) |
Reliance Steel Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Reliance Steel or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Reliance Steel's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Reliance stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.05 | |
β | Beta against NYSE Composite | 2.01 | |
σ | Overall volatility | 2.00 | |
Ir | Information ratio | 0.09 |
Reliance Steel Volatility Alert
Reliance Steel Aluminum has relatively low volatility with skewness of 4.07 and kurtosis of 26.67. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Reliance Steel's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Reliance Steel's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Reliance Steel Fundamentals Vs Peers
Comparing Reliance Steel's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Reliance Steel's direct or indirect competition across all of the common fundamentals between Reliance Steel and the related equities. This way, we can detect undervalued stocks with similar characteristics as Reliance Steel or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Reliance Steel's fundamental indicators could also be used in its relative valuation, which is a method of valuing Reliance Steel by comparing valuation metrics with those of similar companies.
Better Than Average | Worse Than Average | Compare Reliance Steel to competition |
Fundamentals | Reliance Steel | Peer Average |
Return On Equity | 0.18 | -0.31 |
Return On Asset | 0.1 | -0.14 |
Profit Margin | 0.09 % | (1.27) % |
Operating Margin | 0.1 % | (5.51) % |
Current Valuation | 19.33 B | 16.62 B |
Shares Outstanding | 57.43 M | 571.82 M |
Shares Owned By Insiders | 0.68 % | 10.09 % |
Shares Owned By Institutions | 81.30 % | 39.21 % |
Number Of Shares Shorted | 697.76 K | 4.71 M |
Price To Earning | 6.91 X | 28.72 X |
Price To Book | 2.46 X | 9.51 X |
Price To Sales | 1.29 X | 11.42 X |
Revenue | 14.81 B | 9.43 B |
Gross Profit | 5.26 B | 27.38 B |
EBITDA | 1.98 B | 3.9 B |
Net Income | 1.34 B | 570.98 M |
Cash And Equivalents | 1.17 B | 2.7 B |
Cash Per Share | 10.97 X | 5.01 X |
Total Debt | 1.38 B | 5.32 B |
Debt To Equity | 0.27 % | 48.70 % |
Current Ratio | 3.25 X | 2.16 X |
Book Value Per Share | 134.84 X | 1.93 K |
Cash Flow From Operations | 1.67 B | 971.22 M |
Short Ratio | 2.56 X | 4.00 X |
Earnings Per Share | 22.63 X | 3.12 X |
Price To Earnings To Growth | 1.20 X | 4.89 X |
Target Price | 341.4 | |
Number Of Employees | 15 K | 18.84 K |
Beta | 0.87 | -0.15 |
Market Capitalization | 19.03 B | 19.03 B |
Total Asset | 10.55 B | 29.47 B |
Retained Earnings | 7.8 B | 9.33 B |
Working Capital | 3.93 B | 1.48 B |
Note: Acquisition by Arthur Ajemyan of 11 shares of Reliance Steel subject to Rule 16b-3 [view details]
Reliance Steel Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Reliance . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 1925.67 | |||
Daily Balance Of Power | 1.448819 | |||
Rate Of Daily Change | 1.02 | |||
Day Median Price | 335.21 | |||
Day Typical Price | 335.77 | |||
Price Action Indicator | 4.45 | |||
Period Momentum Indicator | 5.52 | |||
Relative Strength Index | 57.06 |
About Reliance Steel Buy or Sell Advice
When is the right time to buy or sell Reliance Steel Aluminum? Buying financial instruments such as Reliance Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.9B | 1.9B | 1.4B | 1.2B | Total Assets | 9.5B | 10.3B | 10.5B | 11.1B |
Use Investing Ideas to Build Portfolios
In addition to having Reliance Steel in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies that are involved with the development and processing of raw materials such as silver or forestry. The Raw Materials theme has 15 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Raw Materials Theme or any other thematic opportunities.
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Check out Reliance Steel Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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When running Reliance Steel's price analysis, check to measure Reliance Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.
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Is Reliance Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Steel. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.20) | Dividend Share 4 | Earnings Share 22.63 | Revenue Per Share 253.839 | Quarterly Revenue Growth (0.08) |
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.