Russel Metals Inc. (TSE:RUS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Russel Metals Inc. (TSE:RUS) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$47.64.

RUS has been the topic of a number of recent analyst reports. TD Securities reduced their price objective on shares of Russel Metals from C$48.00 to C$45.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Stifel Nicolaus dropped their target price on shares of Russel Metals from C$55.50 to C$54.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Scotiabank dropped their target price on shares of Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating on the stock in a research note on Wednesday, April 17th. Finally, Raymond James dropped their target price on shares of Russel Metals from C$52.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th.

Russel Metals Stock Performance

Russel Metals stock opened at C$36.29 on Monday. The company has a debt-to-equity ratio of 25.43, a current ratio of 4.37 and a quick ratio of 1.44. Russel Metals has a 1-year low of C$33.38 and a 1-year high of C$47.39. The firm has a market capitalization of C$2.18 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 0.59 and a beta of 1.57. The company’s 50-day moving average is C$38.58 and its 200 day moving average is C$42.18.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Wednesday, May 1st. The company reported C$0.82 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.80 by C$0.02. Russel Metals had a net margin of 5.54% and a return on equity of 14.72%. The company had revenue of C$1.06 billion for the quarter, compared to analyst estimates of C$1.16 billion. Research analysts forecast that Russel Metals will post 3.5267452 EPS for the current year.

Russel Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, May 29th. This is an increase from Russel Metals’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.63%. Russel Metals’s dividend payout ratio (DPR) is currently 42.42%.

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.