Brokerages Set Russel Metals Inc. (TSE:RUS) Target Price at C$49.29

Russel Metals Inc. (TSE:RUS) has received an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$49.64.

Several research firms have recently commented on RUS. Stifel Nicolaus increased their price target on shares of Russel Metals from C$54.50 to C$57.00 in a research note on Friday. National Bankshares dropped their target price on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Raymond James boosted their price objective on shares of Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. TD Securities increased their target price on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Royal Bank of Canada increased their price target on Russel Metals from C$43.00 to C$45.00 in a research report on Friday, November 8th.

Russel Metals Trading Down 1.0 %

Shares of RUS opened at C$43.80 on Thursday. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. The stock has a market cap of C$2.57 billion, a PE ratio of 12.77, a PEG 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 stock has a 50 day simple moving average of C$40.92 and a 200-day simple moving average of C$38.97.

Russel Metals (TSE:RUS) last released its quarterly 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 during the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

Russel Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Wednesday, November 27th. Russel Metals’s payout ratio is 48.98%.

Russel Metals Company Profile

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.