Russel Metals (TSE:RUS) Price Target Raised to C$57.00

Russel Metals (TSE:RUS) had its price objective hoisted by Stifel Nicolaus from C$54.50 to C$57.00 in a research note released on Friday,BayStreet.CA reports.

A number of other equities analysts also recently weighed in on RUS. 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 note on Friday, August 2nd. Royal Bank of Canada boosted their target price on shares of Russel Metals from C$43.00 to C$45.00 in a research note on Friday, November 8th. Raymond James boosted their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Finally, TD Securities boosted their target price 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Russel Metals currently has an average rating of “Moderate Buy” and an average target price of C$49.64.

Russel Metals Stock Up 1.5 %

Russel Metals stock opened at C$44.24 on Friday. The company has a market capitalization of C$2.60 billion, a P/E ratio of 12.90, a P/E/G ratio of 0.59 and a beta of 1.52. The firm’s fifty day simple moving average is C$40.79 and its 200-day simple moving average is C$38.94. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. 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 posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.61 by C($0.02). The company had revenue of C$1.09 billion during 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%.

Russel Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Wednesday, November 27th. Russel Metals’s dividend payout ratio is 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.