BMO Capital analyst Katja Jancic has maintained their bullish stance on RS stock, giving a Buy rating on October 13.
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Katja Jancic’s rating is based on several factors that highlight Reliance Steel’s strong position in the market. Despite a slightly lower than expected outlook for the fourth quarter of 2025, the company’s diversified product mix and value-added processing capabilities are seen as advantageous for maintaining stability through economic cycles.
Additionally, Reliance Steel’s robust balance sheet and free cash flow generation provide flexibility for future growth and shareholder returns. The company has a net leverage of 0.9x and significant authorization for share repurchases, which could enhance shareholder value. These factors, combined with a reaffirmed sustainable gross profit margin range, underpin the Buy rating given by Katja Jancic.
According to TipRanks, Jancic is a 4-star analyst with an average return of 16.7% and a 68.18% success rate. Jancic covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Steel Dynamics, and Reliance Steel.
In another report released on October 13, J.P. Morgan also maintained a Buy rating on the stock with a $345.00 price target.