Reliance Steel & Aluminum stock gets Strong Buy upgrade
Published on 10/05/2026 at 06:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Reliance Steel & Aluminum (US7595091023) was upgraded by Wall Street Zen from Buy to Strong Buy in a note dated October 3, 2026, according to MarketBeat. The broader analyst consensus cited in the same report was Hold, with an average target of USD 379.83.
Strong quarter supports upgrade
Reliance reported USD 4.63 billion in revenue for the second quarter of 2026, an increase of 26.50 percent from the same period a year earlier, according to MarketBeat. The company reported quarterly earnings per share of USD 6.27 against a consensus estimate of USD 5.47.
Third-quarter 2026 adjusted earnings per share guidance stands at USD 6.40-6.60, as reported by MarketBeat. That range places management's outlook above the second-quarter reported earnings figure of USD 6.27, although the figures cover different reporting periods.
Analyst targets remain divided
The October 3 upgrade contrasts with JPMorgan's September 9 decision to retain a Neutral rating while cutting its target from USD 398.00 to USD 390.00, according to MarketBeat. The split matters because the consensus target of USD 379.83 sits below the USD 400.31 primary-exchange quote delivered for October 2, 2026.
Reliance's second-quarter 2026 revenue and earnings figures give the rating debate a concrete operating base. The company also reported a second-quarter 2026 gross profit of USD 1.30 billion in the finance results, while operating cash flow for that period was USD 162.20 million.
Next report is scheduled for October 21
Reliance's investor-relations page lists the third-quarter 2026 earnings release for October 21, 2026, followed by the conference call on October 22, 2026 at 11:00 a.m. ET, according to Reliance. The calendar gives investors a defined date for testing the USD 6.40-6.60 adjusted earnings per share outlook against the next reported quarter.
EUR 340.00 substitute quote
Reliance was last at EUR 340.00 on gettex on September 28, 2026 at 1:44 p.m. CEST, versus the gettex close of EUR 340.00 on September 25, 2026. Price source: substitute price gettex, Lang & Schwarz without data set.
Reliance Steel & Aluminum stock facts
- Company: Reliance Steel & Aluminum Co.
- ISIN: US7595091023
- Ticker: RS
- Primary exchange: NYSE
- Price gettex substitute (as of September 28, 2026, 1:44 p.m. CEST): EUR 340.00
- Prior close gettex (September 25, 2026): EUR 340.00
- Market capitalization: USD 20.4 billion (as of October 2, 2026)
- 52-week range: USD 260.31-433.02 (as of October 2, 2026)
- Sector / Industry: Basic Materials / Steel
- Index membership: S&P 400 MidCap
- Next earnings date: October 21, 2026
