Stifel Nicolaus Cuts Russel Metals (TSE:RUS) Price Target to C$54.00

Russel Metals (TSE:RUS) had its price target cut by Stifel Nicolaus from C$55.50 to C$54.00 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts have also weighed in on the company. Scotiabank dropped their price target on Russel Metals from C$50.00 to C$48.50 and set a sector perform rating on the stock in a research report on Wednesday. Raymond James dropped their price target on Russel Metals from C$52.00 to C$48.00 and set an outperform rating on the stock in a research report on Wednesday. TD Securities upped their price target on Russel Metals from C$43.00 to C$48.00 and gave the company a hold rating in a research report on Monday, February 12th. Finally, BMO Capital Markets upped their price target on Russel Metals from C$44.00 to C$46.00 and gave the company an outperform rating in a research report on Friday, February 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Russel Metals currently has a consensus rating of Moderate Buy and an average price target of C$48.07.

Russel Metals Stock Down 0.7 %

Shares of Russel Metals stock opened at C$39.36 on Friday. The stock’s fifty day moving average is C$43.88 and its 200-day moving average is C$41.59. The firm has a market capitalization of C$2.38 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54. The company has a quick ratio of 1.44, a current ratio of 4.14 and a debt-to-equity ratio of 25.76. Russel Metals has a 12-month low of C$33.18 and a 12-month high of C$47.39.

Russel Metals (TSE:RUS) last announced its earnings results 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. The company had revenue of C$1.02 billion for the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a return on equity of 16.67% and a net margin of 5.92%. Equities analysts anticipate that Russel Metals will post 3.7672493 earnings per share for the current year.

Russel Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 4.07%. Russel Metals’s dividend payout ratio (DPR) is presently 36.95%.

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.