Raymond James set a C$27.00 target price on Russel Metals (TSE:RUS) in a research report sent to investors on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock. Raymond James also issued estimates for Russel Metals’ Q4 2019 earnings at $0.57 EPS, Q1 2020 earnings at $0.57 EPS, Q2 2020 earnings at $0.55 EPS, Q3 2020 earnings at $0.60 EPS, Q4 2020 earnings at $0.59 EPS and FY2020 earnings at $2.30 EPS.
A number of other research firms have also issued reports on RUS. BMO Capital Markets reduced their target price on Russel Metals from C$26.00 to C$24.00 in a report on Thursday, July 4th. Royal Bank of Canada dropped their price target on shares of Russel Metals from C$28.00 to C$25.00 and set a sector perform rating on the stock in a research note on Tuesday, July 16th.
Shares of TSE:RUS opened at C$18.89 on Monday. Russel Metals has a one year low of C$18.47 and a one year high of C$29.79. The stock has a fifty day moving average of C$20.67 and a 200-day moving average of C$22.62. The company has a market capitalization of $1.17 billion and a PE ratio of 5.48. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.10 and a current ratio of 2.75.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date of this dividend is Monday, August 26th. Russel Metals’s dividend payout ratio (DPR) is presently 44.06%.
Russel Metals Company Profile
Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.
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