Analysts Set Russel Metals Inc. (TSE:RUS) Target Price at C$47.64

Russel Metals Inc. (TSE:RUS) has been given an average rating of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$47.64.

Several equities analysts have recently weighed in on RUS shares. Scotiabank reduced their target price on shares of Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 17th. Raymond James reduced their target price on shares of Russel Metals from C$52.00 to C$48.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. BMO Capital Markets lifted their target price on shares of Russel Metals from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Stifel Nicolaus reduced their target price on shares of Russel Metals from C$55.50 to C$54.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Finally, TD Securities reduced their target price on shares of Russel Metals from C$48.00 to C$45.00 and set a “hold” rating for the company in a research note on Thursday, April 25th.

Russel Metals Stock Performance

TSE RUS opened at C$39.06 on Friday. Russel Metals has a 52-week low of C$33.38 and a 52-week high of C$47.39. The company has a 50-day simple moving average of C$42.34 and a 200 day simple moving average of C$41.98. The company has a debt-to-equity ratio of 25.76, a quick ratio of 1.44 and a current ratio of 4.14. The company has a market capitalization of C$2.35 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.06. Russel Metals had a net margin of 5.92% and a return on equity of 16.67%. The business had revenue of C$1.02 billion during the quarter, compared to the consensus estimate of C$1.06 billion. On average, research analysts predict that Russel Metals will post 3.5926623 EPS for the current year.

Russel Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, June 14th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.30%. This is a positive change from Russel Metals’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, May 29th. Russel Metals’s payout ratio is presently 36.95%.

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.