Russel Metals (TSE:RUS) Price Target Raised to C$54.50

Russel Metals (TSE:RUS) had its target price lifted by Stifel Nicolaus from C$53.00 to C$54.50 in a research note released on Wednesday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets reduced their price objective on Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. National Bankshares decreased their price objective on 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. TD Securities increased their price objective on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada boosted their target price on shares of Russel Metals from C$43.00 to C$45.00 in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$49.29.

Russel Metals Stock Performance

Shares of TSE RUS opened at C$43.06 on Wednesday. Russel Metals has a 12 month low of C$35.20 and a 12 month high of C$47.39. The stock has a 50 day moving average of C$40.11 and a 200-day moving average of C$38.81. 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 company has a market capitalization of C$2.53 billion, a P/E ratio of 12.55, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.02). The company had revenue of C$1.09 billion during the quarter, compared to the consensus estimate 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. Stockholders 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 3.90%. The ex-dividend date is Wednesday, November 27th. Russel Metals’s dividend payout ratio (DPR) is currently 48.98%.

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.