Keybanc Rates Reliance (RS) buy, $418 Price Target

Keybanc has reiterated its buy rating for Reliance, Inc. (NYSE:RS) with a price target of $418, according to an update on June 24, 2026. Analyst Samuel Kemp maintains his positive outlook on the company as the stock traded near $398.63 on Wednesday.

Other Institutional Activity in Reliance, Inc.

Institutional investors have been active in Reliance, Inc. BlackRock, Inc. increased its holdings by 181,924 shares, ending with 5,837,457 shares valued at approximately $1.77 billion, marking a 3.2% increase. Vanguard Portfolio Management LLC opened a new position with 3,379,324 shares worth about $1.03 billion. State Street Corp added 112,755 shares, bringing its total to 2,828,519 shares valued at around $859.6 million, reflecting a 4.2% increase. Meanwhile, Boston Partners reduced its stake by 77,006 shares, now holding 2,110,934 shares valued at $641.7 million, a 3.5% decrease.

Reliance, Inc. Stock Down 0.3%

Shares of Reliance, Inc. traded near $398.63 on Wednesday. The company, with a market cap of approximately $20.6 billion, has a P/E ratio of 26.3 and a forward P/E of 19.1. The stock has seen a 52-week low of $260.31 and a high of $419.83. It has a 50-day moving average of $367.66 and a 200-day moving average of $315.32. Reliance, Inc.'s current ratio stands at 4.39, with a quick ratio of 2.11 and a debt-to-equity ratio of 28.45.

Recent Earnings

Reliance, Inc. reported revenue of $14.84 billion, with a revenue growth of 15.5%. The company's net margin was 5.42%, and it achieved a return on equity of 11.33%. Earnings per share were $15.34. The next earnings report is expected on July 22, 2026.

Dividend

Reliance, Inc. offers an annual dividend rate of $5.00, yielding 1.26%. The dividend payout ratio is 31.62%.

Insider Buying and Selling at Reliance, Inc.

Several insiders at Reliance, Inc. made purchases on May 20, 2026. Douglas Stotlar, Karen Winifred Colonias, John Sznewajs, Robert Ambrose McEvoy, David Seeger, and Lisa Baldwin each acquired 469 shares. These transactions were not part of a planned trading program.

Analysts Set New Price Targets

On June 24, 2026, Keybanc maintained its buy rating with a $418 price target for Reliance, Inc. JP Morgan maintained a hold rating with a $378 target on June 10, 2026. Wells Fargo also maintained a hold rating with a $376 target on June 4, 2026. The consensus among analysts is a hold, with an average price target of $371.86 based on seven opinions.

About Reliance, Inc.

Reliance, Inc. is a diversified metal solutions provider based in Phoenix, Arizona. It operates primarily in the United States and Canada, distributing a wide range of metal products such as alloy, aluminum, brass, copper, and various types of steel. The company serves industries like consumer products, manufacturing, construction, aerospace, and energy. Founded in 1939, Reliance, Inc. employs approximately 15,700 people and is led by CEO Ms. Karla R. Lewis CPA.

Bottom Line

Keybanc's reiterated buy rating and the $418 price target reflect continued confidence in Reliance, Inc.'s potential. Investors and analysts keep a close eye on such ratings to gauge market sentiment. It's important to remember that analyst reports are backward-looking and should be considered as part of a broader investment strategy.