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Reliance Steel & Aluminum Company (RS) [hlAlert]

Rating:
Buy RS
down 5.66 %

Reliance Steel & Aluminum Company (RS) rated Buy with price target $32 by Davenport

Posted on: Friday,  Feb 20, 2009  9:25 AM ET by Davenport

Davenport rated Buy Reliance Steel & Aluminum Company (NYSE: RS) on 02/20/2009. Previously Davenport rated Buy Reliance Steel & Aluminum Company (NYSE: RS)
on 04/18/2008., when the stock price was $61.96. Since then, Reliance Steel & Aluminum Company has lost 5.66% as of 01/25/2016's recent price of $58.45.
If you would have followed the previous Davenport's recommendation on RS, you would have lost 5.66% of your investment in 2838 days.

Reliance Steel & Aluminum Co. operates metals service centers. It provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, titanium, stainless steel, and specialty steel products to fabricators, manufacturers, and other end users. The company's metals processing services include bar turning, bending, blanking, deburring, electropolishing, fabricating, forming, grinding, leveling, machining, oscillate slitting, pipe threading, and polishing. Reliance Steel also offers precision plate sawing, punching, routing, sawing, shape cutting, shearing, skin milling, slitting, tee splitting, twin milling, welding, wheelabrating, shotblasting, and bead-blasting services. As of December 31, 2007, it maintained approximately 180 metals service center processing and distribution facilities in 37 states, and in Belgium, Canada, China, South Korea, and the United Kingdom. The company was founded in 1939 and is headquartered in Los Angeles, California.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/20/2009 9:25 AM Buy
None
25.29 32.00
as of 12/31/2009
1 Week up  12.79 %
1 Month up  25.31 %
3 Months up  20.37 %
1 YTD up  156.92 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/26/2009 12:25 PM Buy
None
20.74 28.00
6/25/2008 11:25 AM Buy
None
72.98 92.00
4/18/2008 1:25 PM Buy
None
61.96 73.00

(*) Stock Price at the time of the recommendation.
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