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

Russel Metals Inc. (TSE:RUS) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$50.50.

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

Russel Metals Price Performance

Shares of TSE:RUS opened at C$39.61 on Friday. Russel Metals has a 12 month low of C$35.20 and a 12 month high of C$47.39. The firm has a market capitalization of C$2.32 billion, a P/E ratio of 11.55, a P/E/G ratio of 0.59 and a beta of 1.52. 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 company’s fifty day moving average price is C$42.94 and its 200 day moving average price is C$40.05.

Russel Metals (TSE:RUS) last posted its earnings results on Wednesday, November 6th. The company reported C$0.59 EPS for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The firm had revenue of C$1.09 billion for 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Wednesday, November 27th. Russel Metals’s dividend payout ratio (DPR) is presently 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.