Reliance Steel Aluminum Stock Buy Hold or Sell Recommendation
| RS Stock | USD 316.66 3.13 1.00% |
Allowing for the 90-day total investment horizon and your conservative risk appetite, our recommendation regarding Reliance Steel Aluminum is 'Cautious Hold'. 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.
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. Note, we conduct extensive research on individual companies such as Reliance and provide practical buy, sell, or hold advice based on investors' constraints. Reliance Steel Aluminum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
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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
 |  |
Cautious Hold
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Reliance Steel Trading Alerts and Improvement Suggestions
| Over 83.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Are Reliance Worldwide Corporation Limiteds Fundamentals Good Enough to Warrant Buying Given The Stocks Recent Weakness |
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 | 0.20 | Value At Risk | -2.15 | Potential Upside | 3.26 | Standard Deviation | 2.17 |
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
The Reliance Steel's institutional investors refer to entities that pool money to purchase Reliance Steel's securities or originate loans. These institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds.
| Shares | Royal London Asset Management Ltd | 2024-06-30 | 879.3 K | Norges Bank | 2024-06-30 | 717.8 K | Bank Of New York Mellon Corp | 2024-06-30 | 531.1 K | T. Rowe Price Investment Management,inc. | 2024-09-30 | 512.5 K | Principal Financial Group Inc | 2024-09-30 | 472.7 K | Northern Trust Corp | 2024-09-30 | 450.3 K | Lord, Abbett & Co Llc | 2024-06-30 | 434.7 K | Ubs Asset Mgmt Americas Inc | 2024-09-30 | 429.1 K | Fmr Inc | 2024-09-30 | 405.9 K | Vanguard Group Inc | 2024-09-30 | 6.5 M | Blackrock Inc | 2024-06-30 | 6.4 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 | 250.0M | |
| 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 Dow Jones | 0.01 | |
β | Beta against Dow Jones | 2.06 | |
σ | Overall volatility | 2.20 | |
Ir | Information ratio | 0.05 |
Reliance Steel Volatility Alert
Reliance Steel Aluminum has relatively low volatility with skewness of 2.36 and kurtosis of 12.51. 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 | 0.14 | -0.31 |
| Return On Asset | 0.0811 | -0.14 |
| Profit Margin | 0.07 % | (1.27) % |
| Operating Margin | 0.08 % | (5.51) % |
| Current Valuation | 17.95 B | 16.62 B |
| Shares Outstanding | 54.12 M | 571.82 M |
| Shares Owned By Insiders | 0.55 % | 10.09 % |
| Shares Owned By Institutions | 83.00 % | 39.21 % |
| Number Of Shares Shorted | 1.18 M | 4.71 M |
| Price To Earning | 6.91 X | 28.72 X |
| Price To Book | 2.28 X | 9.51 X |
| Price To Sales | 1.21 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 | 135.82 X | 1.93 K |
| Cash Flow From Operations | 1.67 B | 971.22 M |
| Short Ratio | 4.29 X | 4.00 X |
| Earnings Per Share | 18.26 X | 3.12 X |
| Price To Earnings To Growth | 1.20 X | 4.89 X |
| Target Price | 320.97 | |
| Number Of Employees | 15 K | 18.84 K |
| Beta | 0.84 | -0.15 |
| Market Capitalization | 16.97 B | 19.03 B |
| Total Asset | 10.48 B | 29.47 B |
| Retained Earnings | 7.8 B | 9.33 B |
| Working Capital | 3.93 B | 1.48 B |
Note: Disposition of 1784 shares by James Hoffman of Reliance Steel at 293.46 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.
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.
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Additional Tools for Reliance Stock Analysis
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.