Brokerages Set Russel Metals Inc. (TSE:RUS) Target Price at C$46.93

Russel Metals Inc. (TSE:RUS) has received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$46.93.

Several equities analysts have commented on the stock. Royal Bank of Canada lowered their target price on shares of Russel Metals from C$47.00 to C$43.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 2nd. National Bankshares lowered their price target on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. BMO Capital Markets lowered their price target on Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. TD Securities raised Russel Metals from a “hold” rating to a “buy” rating and raised their price target for the company from C$44.00 to C$46.00 in a research report on Monday, September 16th. Finally, Stifel Nicolaus lowered their price target on Russel Metals from C$55.00 to C$52.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd.

Russel Metals Price Performance

RUS opened at C$40.85 on Wednesday. The stock has a fifty day moving average of C$38.70 and a 200-day moving average of C$39.16. The firm has a market capitalization of C$2.40 billion, a P/E ratio of 11.91, a PEG ratio of 0.59 and a beta of 1.51. Russel Metals has a 12-month low of C$33.38 and a 12-month high of C$47.39. The company has a quick ratio of 1.44, a current ratio of 3.85 and a debt-to-equity ratio of 16.88.

Russel Metals (TSE:RUS) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.84 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.83 by C$0.01. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%. The business had revenue of C$1.07 billion for the quarter, compared to the consensus estimate of C$1.08 billion. Equities analysts forecast that Russel Metals will post 4.1 EPS for the current fiscal year.

Russel Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, August 28th. This represents a $1.68 annualized dividend and a yield of 4.11%. Russel Metals’s dividend payout ratio (DPR) is currently 48.98%.

About Russel Metals

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.