TD Securities Raises Russel Metals (TSE:RUS) Price Target to C$50.00

Russel Metals (TSE:RUS) had its price target lifted by TD Securities from C$46.00 to C$50.00 in a research report report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently commented on RUS. National Bankshares lowered their target price on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus lowered their price objective on Russel Metals from C$55.00 to C$52.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. BMO Capital Markets reduced their target price on Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. Finally, Royal Bank of Canada increased their price target on Russel Metals from C$43.00 to C$45.00 in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$49.29.

Russel Metals Trading Up 1.7 %

Shares of TSE RUS opened at C$43.06 on Tuesday. The business has a 50 day simple moving average of C$40.11 and a 200 day simple moving average of C$38.81. Russel Metals has a 52 week low of C$35.20 and a 52 week high of C$47.39. The stock has a market cap of C$2.53 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85.

Russel Metals (TSE:RUS) last posted its earnings results on Wednesday, November 6th. The company reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.61 by C($0.02). Russel Metals had a return on equity of 12.67% and a net margin of 4.87%. The business had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.06 billion.

Russel Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.90%. The ex-dividend date is Wednesday, November 27th. Russel Metals’s dividend payout ratio 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.