Russel Metals Inc. (TSE:RUS) Receives C$50.50 Average Price Target from Analysts

Russel Metals Inc. (TSE:RUS) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$50.50.

Several research analysts recently commented on RUS shares. TD Securities lifted their price target on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Raymond James raised their price objective on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their target price on Russel Metals from C$54.50 to C$57.00 in a research report on Friday, November 22nd. Finally, Royal Bank of Canada upgraded Russel Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$45.00 to C$51.00 in a report on Tuesday, November 26th.

Russel Metals Stock Down 2.2 %

Shares of RUS opened at C$43.10 on Monday. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44. The stock has a market capitalization of C$2.53 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth 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. The business’s 50 day simple moving average is C$42.40 and its 200-day simple moving average is C$39.60.

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

Russel Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.68 annualized dividend and a dividend yield of 3.90%. Russel Metals’s payout ratio is 48.98%.

About Russel Metals

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.