Russel Metals (TSE:RUS) Price Target Raised to C$58.50 at Stifel Nicolaus

Russel Metals (TSE:RUS) had its price target increased by Stifel Nicolaus from C$49.00 to C$58.50 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 3.69% from the company’s previous close.

Several other brokerages have also recently issued reports on RUS. TD Securities boosted their price target on Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a research note on Friday, February 13th. BMO Capital Markets raised their target price on Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday. TD upped their price target on Russel Metals from C$57.00 to C$63.00 and gave the company a “buy” rating in a research report on Tuesday. Scotiabank lifted their price objective on Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Finally, Scotia upped their target price on Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$58.94.

Russel Metals Stock Performance

RUS traded down C$0.41 during trading hours on Thursday, reaching C$56.42. The company’s stock had a trading volume of 170,958 shares, compared to its average volume of 209,589. The company’s 50-day moving average is C$48.97 and its 200-day moving average is C$45.86. Russel Metals has a 52 week low of C$39.09 and a 52 week high of C$58.69. The firm has a market cap of C$3.10 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. The company has a debt-to-equity ratio of 30.44, a quick ratio of 1.44 and a current ratio of 3.06.

Russel Metals (TSE:RUS) last announced its earnings results on Tuesday, May 5th. The company reported C$1.30 EPS for the quarter. Russel Metals had a net margin of 3.64% and a return on equity of 10.44%. The business had revenue of C$1.42 billion during the quarter.

Russel Metals Company Profile

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.