06 MAY 2013Mideasttime.com
Reliance Steel & Aluminum's price target lowered to $75
Edited by : AL CIRCLE
1 min read
Reliance Steel & Aluminum had its price target lowered by Cowen from $89.00 to $75.00 in a research report sent to investors on Tuesday morning, StockRatingsNetwork reports. The firm currently has a buy rating on the stock.
Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Reliance Steel & Aluminum presently has an average rating of Buy and an average target price of $71.88.
Shares of Reliance Steel & Aluminum traded up 1.17% during mid-day trading on Tuesday, hitting $64.05. Reliance Steel & Aluminum has a 52 week low of $44.81 and a 52 week high of $72.90. The stock’s 50-day moving average is currently $67.85. The company has a market cap of $4.909 billion and a P/E ratio of 12.98.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 21st. Stockholders of record on Friday, May 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, May 29th.
Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Reliance Steel & Aluminum presently has an average rating of Buy and an average target price of $71.88.
Shares of Reliance Steel & Aluminum traded up 1.17% during mid-day trading on Tuesday, hitting $64.05. Reliance Steel & Aluminum has a 52 week low of $44.81 and a 52 week high of $72.90. The stock’s 50-day moving average is currently $67.85. The company has a market cap of $4.909 billion and a P/E ratio of 12.98.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 21st. Stockholders of record on Friday, May 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, May 29th.
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