Somewhat Positive Media Coverage Somewhat Unlikely to Impact Reliance Steel & Aluminum (RS) Share Price
Media headlines about Reliance Steel & Aluminum (NYSE:RS) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Reliance Steel & Aluminum earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 47.773726595808 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern’s rankings:
- Reliance Steel & Aluminum Co (RS) Declares Quarterly Dividend of $0.50 (americanbankingnews.com)
- Reliance Steel’s (RS) Q4 Earnings & Sales Beat Estimates (nasdaq.com)
- This is a long overdue idea: RealityChek founder on propo… (finance.yahoo.com)
- Reliance Steel & Aluminum (RS) Given a $97.00 Price Target by KeyCorp Analysts (americanbankingnews.com)
- Cowen Raises Reliance Steel & Aluminum (RS) Price Target to $107.00 (americanbankingnews.com)
Shares of Reliance Steel & Aluminum (NYSE RS) traded up $3.10 on Friday, reaching $94.57. 1,229,822 shares of the company’s stock were exchanged, compared to its average volume of 454,011. The company has a current ratio of 4.34, a quick ratio of 1.79 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $6,895.57, a PE ratio of 11.35, a P/E/G ratio of 1.61 and a beta of 1.26. Reliance Steel & Aluminum has a one year low of $68.46 and a one year high of $95.72.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 15th. This is an increase from Reliance Steel & Aluminum’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.11%. Reliance Steel & Aluminum’s payout ratio is 21.61%.
A number of equities analysts have issued reports on the stock. Clarkson Capital restated a “buy” rating on shares of Reliance Steel & Aluminum in a research report on Wednesday, November 15th. KeyCorp lifted their target price on shares of Reliance Steel & Aluminum from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday. ValuEngine cut shares of Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Cowen lifted their target price on shares of Reliance Steel & Aluminum from $101.00 to $107.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Zacks Investment Research cut shares of Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $86.33.
In other news, SVP William A. Smith II sold 1,123 shares of Reliance Steel & Aluminum stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $82.69, for a total transaction of $92,860.87. Following the completion of the sale, the senior vice president now directly owns 15,320 shares in the company, valued at $1,266,810.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.73% of the company’s stock.
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Reliance Steel & Aluminum Company Profile
Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).
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