Russel Metals Inc. (TSE:RUS) Receives C$50.50 Average Target Price from Brokerages

Shares of Russel Metals Inc. (TSE:RUS) have received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$50.50.

A number of equities analysts have commented on RUS shares. TD Securities lifted their price objective on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus boosted their price objective on Russel Metals from C$54.50 to C$57.00 in a research note on Friday, November 22nd. Raymond James raised their price objective on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada upgraded Russel Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$45.00 to C$51.00 in a report on Tuesday, November 26th.

Russel Metals Stock Performance

TSE:RUS opened at C$42.54 on Monday. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. The stock has a 50-day simple moving average of C$42.50 and a two-hundred day simple moving average of C$39.66. The firm has a market capitalization of C$2.50 billion, a PE ratio of 12.40, a P/E/G ratio of 0.59 and a beta of 1.52. Russel Metals has a 52-week low of C$35.20 and a 52-week high of C$47.39.

Russel Metals (TSE:RUS) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.02). The firm had revenue of C$1.09 billion for the quarter, compared to analysts’ expectations of C$1.06 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

Russel Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.68 dividend on an annualized basis and a yield of 3.95%. Russel Metals’s payout ratio is 48.98%.

Russel Metals Company Profile

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.