TD Securities Boosts Russel Metals (TSE:RUS) Price Target to C$50.00

Russel Metals (TSE:RUS) had its target price hoisted by TD Securities from C$46.00 to C$50.00 in a report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also weighed in on RUS. Royal Bank of Canada upped their price objective on Russel Metals from C$43.00 to C$45.00 in a research note on Friday, November 8th. BMO Capital Markets cut their price objective on Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. National Bankshares dropped their target price on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Stifel Nicolaus decreased their price objective on shares of Russel Metals from C$55.00 to C$52.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Russel Metals currently has a consensus rating of “Moderate Buy” and an average price target of C$49.29.

Russel Metals Stock Performance

RUS opened at C$43.06 on Tuesday. The stock’s 50 day simple moving average is C$40.11 and its 200-day simple moving average is C$38.81. 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 stock has a market cap of C$2.53 billion, a PE ratio of 12.55, a P/E/G ratio of 0.59 and a beta of 1.52. Russel Metals has a 1 year low of C$35.20 and a 1 year high of C$47.39.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The business had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

Russel Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.68 annualized dividend and a dividend yield of 3.90%. Russel Metals’s dividend payout ratio (DPR) is currently 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.