Russel Metals (TSE:RUS) Cut to “Hold” at Raymond James Financial

Raymond James Financial cut shares of Russel Metals (TSE:RUS) from a moderate buy rating to a hold rating in a report released on Monday, Marketbeat Ratings reports. The firm currently has C$82.00 target price on the stock, up from their prior target price of C$70.00.

Several other analysts have also issued reports on RUS. Stifel Nicolaus boosted their price objective on shares of Russel Metals from C$64.00 to C$85.00 and gave the company a “hold” rating in a report on Monday. Scotia increased their target price on shares of Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 7th. National Bank Financial boosted their price target on shares of Russel Metals from C$52.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Monday, July 13th. Royal Bank Of Canada upped their price objective on shares of Russel Metals from C$63.00 to C$68.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Finally, TD increased their price objective on shares of Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$76.89.

Russel Metals Price Performance

RUS stock opened at C$79.67 on Monday. Russel Metals has a 52-week low of C$39.09 and a 52-week high of C$83.12. The company has a quick ratio of 1.44, a current ratio of 2.61 and a debt-to-equity ratio of 27.88. The stock has a market cap of C$4.37 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. The business has a fifty day moving average of C$66.00 and a two-hundred day moving average of C$56.37.

Russel Metals (TSE:RUS) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.63 EPS for the quarter. The business had revenue of C$1.66 billion for the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%.

Russel Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a $0.44 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a yield of 2.2%. Russel Metals’s dividend payout ratio (DPR) is 48.31%.

Insider Buying and Selling

In related news, insider John Gregory Reid sold 28,935 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of C$58.62, for a total transaction of C$1,696,169.70. Following the completion of the transaction, the insider directly owned 306,147 shares of the company’s stock, valued at C$17,946,337.14. The trade was a 8.64% decrease in their position. Also, Director Brian Robie Hedges sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$63.25, for a total value of C$632,500.00. Over the last 90 days, insiders sold 58,935 shares of company stock valued at $3,575,645. Company insiders own 0.85% of the company’s stock.

Trending Headlines about Russel Metals

Here are the key news stories impacting Russel Metals this week:

• Positive Sentiment: Scotiabank raised its price target from C$76.00 to C$89.00 and maintained a “sector outperform” rating, implying further appreciation from the referenced C$80.61 price. BayStreet analyst ratings
• Positive Sentiment: TD significantly increased its target from C$68.00 to C$94.00 and upgraded its view to “buy,” representing the most optimistic target among the reported broker updates. BayStreet analyst ratings
• Positive Sentiment: RBC Capital reportedly initiated or reiterated a “buy” recommendation, while RBC and Stifel Nicolaus both published outlooks calling for strong price appreciation. RBC Capital buy recommendation Stifel Nicolaus outlook
• Neutral Sentiment: The analyst consensus price target is C$61.17, indicating a substantial gap below the referenced trading price despite the more bullish individual targets. This divergence suggests uncertainty about Russel Metals’ near-term valuation and earnings outlook. Consensus price target
• Negative Sentiment: Raymond James downgraded Russel Metals to “hold,” providing a counterweight to the recent target increases and potentially encouraging profit-taking after the stock’s sharp advance toward its 52-week high. Raymond James downgrade

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.