Reliance Steel & Aluminum Co. is the largest metals service center company in North America. Through a network of more than 200 locations in 38 states, Belgium, Canada, China, Malaysia, Mexico, Singapore, South Korea and the United Kingdom, the company provides value-added metals processing services and distributes a full line of more than 100,000 metal products. These products include galvanized, hot-rolled and cold-finished steel, stainless steel, aluminum, brass, copper, titanium and alloy steel sold to more than 125,000 customers in a broad range of industries.
EPS are expected to increase by 16% compound annual growth rate over the three coming years. The security is currently trading 8.4 times its EPS. Since March, analysts constantly revised upward their EPS and revenues estimates. Surperformance Trading and Investor ratings are 5 stars.
Technically, the stock is in an oversold situation and in a bearish trend in the short and mid-term. The security is currently testing again its USD 46 support. We forecast a technical rebound in the coming days. It would lead the stock in its USD 49.5 resistance area.
Therefore, investors can buy the stock in the USD 46 area. The target price will be USD 49.5. To avoid important losses, a stop loss order will be placed at USD 45.2.
Reliance, Inc. is a diversified metal solutions provider and has a metals service center company in North America. The Company provides value-added metals processing services and distributes a full line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, specialty carbon and alloy steel plate and round bar and specialty steel products. It serves various industries, such as general manufacturing, non-residential construction (including infrastructure), transportation (rail, truck trailer and shipbuilding), aerospace (commercial, military, defense, and space, and heavy industry, energy (oil and natural gas). It also services the auto industry, primarily through its toll processing operation. It has a network of approximately 315 locations in 40 states and in 12 foreign countries, including Belgium, Canada, China, France, India, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom.
RELIANCE, INC. 
