Russel Metals (TSE:RUS – Get Free Report) had its price objective decreased by investment analysts at TD Securities from C$48.00 to C$45.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 13.92% from the stock’s current price.
Several other research firms have also recently commented on RUS. Raymond James lowered their target price on shares of Russel Metals from C$52.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Stifel Nicolaus lowered their price objective on shares of Russel Metals from C$55.50 to C$54.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. BMO Capital Markets lifted their price objective on shares of Russel Metals from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Finally, Scotiabank lowered their price objective on shares of Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating on the stock in a research note on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Russel Metals presently has an average rating of “Moderate Buy” and a consensus price target of C$47.64.
Read Our Latest Stock Report on Russel Metals
Russel Metals Stock Up 0.6 %
Russel Metals (TSE:RUS – Get Free Report) last released its earnings results on Thursday, February 8th. The company reported C$0.78 EPS for the quarter, beating the consensus estimate of C$0.72 by C$0.06. The firm had revenue of C$1.02 billion for the quarter, compared to analysts’ expectations of C$1.06 billion. Russel Metals had a net margin of 5.92% and a return on equity of 16.67%. As a group, sell-side analysts predict that Russel Metals will post 3.7672493 EPS for the current year.
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.
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