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AK Steel Holding Corporation (AKS)

AK Steel Holding Corporation (AKS)

Morgan Stanley raised its position in Reliance Steel & Aluminum Co.by 7.8% in the first quarter.

About 12.20M shares traded. More interesting news about Reliance Steel & Aluminum Co (NYSE:RS) were released by: Globenewswire.com and their article: "Reliance Steel & Aluminum Co". Northwestern Mutual Wealth Management Co. raised its position in United States Steel Corporation by 1,971.9% in the first quarter. The stock of Reliance Steel & Aluminum Co (NYSE:RS) earned "Buy" rating by Clarksons Platou on Tuesday, October 18. The original version of this piece of content can be viewed at https://rinconhillneighbors.org/2017/08/16/wedge-capital-management-l-l-p-nc-raises-position-in-reliance-steel-aluminum-co-rs.html.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. BlackRock Inc. now owns 6,681,296 shares of the industrial products company's stock worth $534,635,000 after buying an additional 6,626,061 shares during the last quarter. Vanguard Group Inc. boosted its stake in Reliance Steel & Aluminum Co.by 2.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,887 shares of the basic materials company's stock valued at $144,000 after buying an additional 193 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Reliance Steel & Aluminum Co.by 2.0% in the second quarter. Clarkson Capital boosted AK Steel Holding Corporation from a "neutral" recommendation to a "buy" recommendation and fixed a $8.00 PT for the company in a note on Thurs, May 25th. Hedge funds and other institutional investors own 83.74% of the company's stock. Reliance Steel continues to face low demand across energy and non-residential construction markets. Stocks with a beta value over 1 have historically been more volatile than the overall market.

AK Steel Holding Corp (NYSE:AKS) has grabbed attention from the analysts, when it saw a value increase of 1.95% or 0.1 points in the last trading session to close at $5.24. The company has a 50-day moving average price of $73.02 and a 200 day moving average price of $76.87.

06/26/2017 - Reliance Steel & Aluminum Co. had its "overweight" rating reiterated by analysts at KeyBanc. The industrial products company reported $1.40 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.38 by $0.02.

04/22/2016 - Reliance Steel & Aluminum Co. was downgraded to "underperform" by analysts at Credit Agricole.

The move comes after 6 months positive chart setup for the $5.22 billion company. During the same period in the prior year, the business earned $1.36 earnings per share. Reliance Steel & Aluminum Co.'s revenue was up 12.3% compared to the same quarter previous year. Equities research analysts forecast that Reliance Steel & Aluminum Co. will post $5.17 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.54%.

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RS has been the subject of a number of recent analyst reports. Longbow Research initiated coverage on Reliance Steel & Aluminum Co.in a research report on Wednesday, April 19th.

Growth rates are very important while analyzing the long term growth and valuation of a certain company. Finally, Cowen and Company set a $92.00 price objective on shares of Reliance Steel & Aluminum Co. and gave the company an "outperform" rating in a research report on Thursday, July 27th.

Several research firms have recently weighed in on RS. Deutsche Bank AG reissued a "buy" rating on shares of Reliance Steel & Aluminum Co.in a report on Saturday, June 24th. (NYSE:RS). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.30. Below is a list of United States Steel Corporation (NYSE:X) latest ratings and price target changes.

About Reliance Steel & Aluminum Co.

After a recent check, United States Steel Corporation's 14-day RSI is presently at 54.07.