TD Securities Increases Russel Metals (TSE:RUS) Price Target to C$57.00

Russel Metals (TSE:RUS) had its target price boosted by analysts at TD Securities from C$50.00 to C$57.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 21.77% from the stock’s current price.

Other analysts also recently issued reports about the company. Royal Bank Of Canada raised their target price on Russel Metals from C$47.00 to C$51.00 in a research note on Wednesday, January 14th. Stifel Nicolaus lowered shares of Russel Metals from a “buy” rating to a “hold” rating and boosted their target price for the company from C$49.00 to C$50.50 in a research note on Friday, February 6th. Finally, Scotiabank raised their target price on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$54.42.

Russel Metals Stock Down 0.3%

Russel Metals stock traded down C$0.12 during trading on Friday, reaching C$46.81. 255,820 shares of the company’s stock were exchanged, compared to its average volume of 212,841. Russel Metals has a 52-week low of C$34.62 and a 52-week high of C$53.37. The firm has a market cap of C$2.61 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 0.59 and a beta of 1.06. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. The company’s 50-day moving average is C$45.97 and its two-hundred day moving average is C$42.96.

Russel Metals (TSE:RUS) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.63 EPS for the quarter. The company had revenue of C$1.17 billion for the quarter. Russel Metals had a return on equity of 11.03% and a net margin of 4.27%.

About Russel Metals

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.