Raymond James Issues Positive Forecast for Russel Metals (TSE:RUS) Stock Price

Russel Metals (TSE:RUS) had its target price hoisted by equities research analysts at Raymond James from C$50.00 to C$56.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Raymond James’ price target indicates a potential upside of 27.27% from the stock’s previous close. Raymond James also issued estimates for Russel Metals’ Q4 2024 earnings at $0.62 EPS, FY2024 earnings at $3.05 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.16 EPS, Q4 2025 earnings at $0.86 EPS and FY2025 earnings at $4.25 EPS.

RUS has been the topic of several other reports. Royal Bank of Canada increased their price objective on Russel Metals from C$43.00 to C$45.00 in a research report on Friday, November 8th. Stifel Nicolaus lifted their price target on shares of Russel Metals from C$53.00 to C$54.50 in a research note on Wednesday. TD Securities upped their price objective on shares of Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets decreased their target price on shares of Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. Finally, National Bankshares lowered their price target on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$49.29.

Russel Metals Price Performance

Shares of TSE RUS traded up C$1.16 during midday trading on Wednesday, hitting C$44.00. 92,912 shares of the company’s stock were exchanged, compared to its average volume of 184,995. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. The business’s fifty day moving average price is C$39.75 and its two-hundred day moving average price is C$38.73. The company has a market cap of C$2.58 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.59 and a beta of 1.52. Russel Metals has a 12-month low of C$35.20 and a 12-month 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 EPS for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The company had revenue of C$1.09 billion during the quarter, compared to analysts’ expectations of C$1.06 billion. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%.

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.