Russel Metals Inc. (TSE:RUS) Given Average Rating of “Moderate Buy” by Brokerages

Russel Metals Inc. (TSE:RUS) has received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$46.93.

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

Russel Metals Stock Down 0.4 %

Shares of RUS opened at C$39.39 on Friday. Russel Metals has a 1 year low of C$33.46 and a 1 year high of C$47.39. The company’s 50-day simple moving average is C$39.07 and its 200-day simple moving average is C$38.81. 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 market capitalization of C$2.31 billion, a PE ratio of 11.48, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.84 EPS for the quarter, topping analysts’ consensus estimates of C$0.83 by C$0.01. The business had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.08 billion. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%.

Russel Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, August 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.27%. Russel Metals’s dividend payout ratio (DPR) is presently 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.