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

Russel Metals (TSE:RUS) had its target price upped by Raymond James from C$50.00 to C$56.00 in a report published on Wednesday morning,BayStreet.CA reports. Raymond James also issued estimates for Russel Metals’ Q4 2024 earnings at $0.62 EPS, FY2024 earnings at $3.05 EPS, Q1 2025 earnings at $1.04 EPS, Q2 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.16 EPS, Q3 2025 earnings at $1.19 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $4.40 EPS and FY2025 earnings at $4.25 EPS.

Several other brokerages have also recently issued reports on RUS. Royal Bank of Canada lifted their price objective on Russel Metals from C$43.00 to C$45.00 in a report on Friday, November 8th. National Bankshares decreased their price objective 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. BMO Capital Markets dropped their target price on shares of Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. Stifel Nicolaus upped their price target on shares of Russel Metals from C$53.00 to C$54.50 in a report on Wednesday. Finally, TD Securities raised their price objective on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$49.29.

Russel Metals Price Performance

Shares of TSE RUS opened at C$43.06 on Wednesday. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. Russel Metals has a one year low of C$35.20 and a one year high of C$47.39. The firm has a market capitalization of C$2.53 billion, a P/E ratio of 12.55, a PEG ratio of 0.59 and a beta of 1.52. The company’s fifty day moving average is C$40.11 and its two-hundred day moving average is C$38.80.

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

Russel Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.68 annualized dividend and a yield of 3.90%. 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.