Russel Metals (TSE:RUS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Russel Metals (TSE:RUS) had its price objective lifted by Stifel Nicolaus from C$53.00 to C$54.50 in a research report released on Wednesday morning,BayStreet.CA reports.

Several other equities research analysts have also issued reports on RUS. BMO Capital Markets decreased their price target on shares of Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. TD Securities upped their price target on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada raised their price objective on Russel Metals from C$43.00 to C$45.00 in a report on Friday, November 8th. Finally, National Bankshares lowered their target price on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$49.29.

Russel Metals Trading Up 1.7 %

Shares of RUS stock opened at C$43.06 on Wednesday. Russel Metals has a fifty-two week low of C$35.20 and a fifty-two week high of C$47.39. The stock’s fifty day moving average price is C$40.11 and its two-hundred day moving average price 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 company 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 (TSE:RUS) last released its quarterly earnings data 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). 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 yield of 3.90%. The ex-dividend date of this dividend is Wednesday, November 27th. Russel Metals’s dividend payout ratio 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.