This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Steel Stocks With Upside

3. Reliance Steel & Aluminum (RS), a metals service center company, provides metals processing services and distributes a line of more than 100,000 metal products, including alloys, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products to more than 125,000 customers across a range of industries. The company has operations in 38 states through a network of more than 200 locations.

Net income soared 107% to $92.3 million or $1.23 per share for the first quarter of 2011, compared to $44.7 million or 60 cents per share in the same quarter a year ago. Sales for the quarter were up 32% to $1.91 billion with average prices increasing 18% and tons sold escalating 12%. The company recorded an inventory turnover rate of 5 times, based on tons and 4.8 times based on dollars.

With a current dividend yield of 0.73%, the company went ex-dividend yesterday (June 1, 2011) with shareholders eligible for a dividend of 12 cents per share. Beginning first quarter of 2011, RS increased its regular quarterly dividend amount by 20% to 12 cents from 10 cents per share paid earlier in March 2011. For the second quarter of 2011, the company estimates diluted earnings per share in the range of $1.20 to $1.30.

Of the nine analysts covering the stock, 78% recommend a buy while the remaining suggest a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg forecast a 12-month price target of $68.60, about 39.3% higher than the stock's current price.
9 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ATI $10.47 0.00%
CRS $28.21 0.00%
MUSA $57.75 0.00%
NUE $39.92 0.00%
STLD $18.16 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs