Russel Metals (TSE:RUS) Given New C$55.00 Price Target at Stifel Nicolaus

Russel Metals (TSE:RUS) had its target price dropped by equities research analysts at Stifel Nicolaus from C$57.00 to C$55.00 in a research note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ target price points to a potential upside of 34.87% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. TD Securities lifted their price target on shares of Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Raymond James raised their price target on Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada upgraded shares of Russel Metals from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$45.00 to C$51.00 in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$50.21.

Russel Metals Stock Performance

RUS traded up C$0.11 during trading on Monday, reaching C$40.78. The company’s stock had a trading volume of 193,422 shares, compared to its average volume of 138,209. 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 company’s fifty day moving average price is C$42.80 and its 200-day moving average price is C$40.52. Russel Metals has a 52-week low of C$35.20 and a 52-week high of C$47.39. The company has a market capitalization of C$2.39 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The business had revenue of C$1.09 billion for the quarter, compared to analyst estimates 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.