(NYSE:RS) Upgraded to Hold at BidaskClub

(NYSE:RS) Upgraded to Hold at BidaskClub”

Acadian Asset Management LLC increased its position in Reliance Steel & Aluminum 17.0% in the first quarter. Abb Ltd now has $54.46B valuation. (RS) traded down 1.02% during trading on Friday, reaching $72.53. It has outperformed by 103.79% the S&P500. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Therefore 25% are positive.

If investors are looking for a solid dividend stock with upside potential, Reliance Steel & Aluminum Co.

Over the past 50 days, Reliance Steel & Aluminum Co. stock's -10.77% off of the high and 5.92% removed from the low. The rating was maintained by Jefferies on Tuesday, May 30 with "Hold". The stock of Reliance Steel & Aluminum Co (NYSE:RS) has "Neutral" rating given on Tuesday, November 29 by Macquarie Research. The company was upgraded on Tuesday, October 18 by Clarksons Platou. The firm has "Neutral" rating by Bank of America given on Friday, February 19. As per Tuesday, March 14, the company rating was upgraded by Macquarie Research. The firm has "Neutral" rating given on Thursday, April 28 by Rosenblatt. Pacific Crest upgraded Expedia Inc (NASDAQ:EXPE) on Thursday, October 20 to "Overweight" rating.

04/28/2017 - Reliance Steel & Aluminum Co. had its "hold" rating reiterated by analysts at Jefferies.

Shelton Capital Management decreased Bank Amer Corp (NYSE:BAC) stake by 38,904 shares to 300,683 valued at $6.65M in 2016Q4.

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Among 13 analysts covering Six Flags Entertainment (NYSE:SIX), 8 have Buy rating, 0 Sell and 5 Hold.

Ratings analysis reveals 67% of Equifax's analysts are positive. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Six Flags Entertainment had 22 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Benchmark with "Buy" on Monday, February 13. The firm has "Long-Term Buy" rating by Hilliard Lyons given on Tuesday, August 23. The stock of Six Flags Entertainment Corp (NYSE:SIX) has "Equal-Weight" rating given on Tuesday, April 19 by Stephens. As per Wednesday, April 6, the company rating was maintained by Oppenheimer. The firm has "Buy" rating given on Friday, March 24 by Morgan Stanley. The rating was maintained by RBC Capital Markets with "Outperform" on Friday, July 31. Jefferies Ltd Company has 109,371 shares. The stock has "Underweight" rating by JP Morgan on Tuesday, September 22. Mckinley Capital Management LLC Delaware now owns 3,521 shares of the industrial products company's stock worth $282,000 after buying an additional 401 shares during the period. RS's profit will be $115.94M for 11.45 P/E if the $1.60 EPS becomes a reality. After $1.52 actual earnings per share reported by Reliance Steel & Aluminum Co for the previous quarter, Wall Street now forecasts 5.26% EPS growth.

Since February 21, 2017, it had 0 insider purchases, and 4 selling transactions for $2.97 million activity.

Guardian Capital Lp increased Cenovus Energy Inc (NYSE:CVE) stake by 1.28 million shares to 9.57M valued at $144.76 million in 2016Q4. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.45%. $493,500 worth of stock was sold by HAYES DOUGLAS M on Tuesday, March 7. MOLLINS GREGG J sold $116,297 worth of stock or 1,434 shares.

Investors sentiment decreased to 0.91 in Q4 2016. Its down 0.19, from 1.1 in 2016Q3. On average, equities research analysts expect that Reliance Steel & Aluminum Co. will post $5.36 earnings per share for the current year. 45 funds opened positions while 100 raised stakes. Fmr Limited Com reported 0% stake. Raymond James And stated it has 15,477 shares or 0% of all its holdings. Investors of record on Friday, May 26th were paid a dividend of $0.45 per share. Bank of America Corporation raised Reliance Steel & Aluminum Co. from a "neutral" rating to a "buy" rating and set a $88.00 price objective on the stock in a research note on Tuesday, May 23rd. The Unknown-based Mckinley Cap Limited Liability Co Delaware has invested 0.01% in Reliance Steel & Aluminum Co (NYSE:RS).

Reliance Steel & Aluminium Company (NYSE:RS) had an increase of 11.1% in short interest. Bank of America upgraded Reliance Steel & Aluminum Co (NYSE:RS) on Tuesday, September 8 to "Buy" rating. Rhumbline Advisers holds 0.03% or 131,652 shares in its portfolio. Bowling Mngmt Ltd Liability holds 0.36% or 30,637 shares in its portfolio. Blackrock Management Lc holds 0.05% or 491,608 shares in its portfolio. Prudential holds 0.09% or 697,160 shares. Eagle Asset has invested 0.03% of its portfolio in Reliance Steel & Aluminum Co (NYSE:RS).

A number of large investors have recently added to or reduced their stakes in RS. CrestPoint Capital Management LLC acquired a new stake in Reliance Steel & Aluminum Co. during the first quarter valued at approximately $208,000. The stock of Reliance Steel & Aluminum Co (NYSE:RS) earned "Hold" rating by Deutsche Bank on Wednesday, March 23. Reliance Steel & Aluminum Co.'s P/E ratio is 16.42. As of December 31, 2016, it provided metals processing services and distributes a range of more than 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products in a range of industries.

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