Russel Metals (TSE:RUS) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Russel Metals (TSE:RUS) had its target price hoisted by equities researchers at Royal Bank Of Canada from C$55.00 to C$63.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 11.66% from the stock’s current price.

RUS has been the topic of a number of other reports. Stifel Nicolaus lifted their target price on shares of Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a report on Friday, February 13th. TD Securities increased their target price on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Friday, February 13th. Scotia lifted their price target on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a research report on Thursday. TD boosted their price target on Russel Metals from C$57.00 to C$63.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, BMO Capital Markets raised their price objective on Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Russel Metals currently has a consensus rating of “Moderate Buy” and an average target price of C$58.94.

Russel Metals Stock Down 0.7%

Shares of RUS traded down C$0.41 during mid-day trading on Thursday, reaching C$56.42. The company’s stock had a trading volume of 170,958 shares, compared to its average volume of 209,589. The company has a debt-to-equity ratio of 30.44, a current ratio of 3.06 and a quick ratio of 1.44. Russel Metals has a 12-month low of C$39.09 and a 12-month high of C$58.69. The stock has a market cap of C$3.10 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. The company’s 50 day moving average is C$48.97 and its 200 day moving average is C$45.86.

Russel Metals (TSE:RUS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share (EPS) for the quarter. The firm had revenue of C$1.42 billion during the quarter. Russel Metals had a return on equity of 10.44% and a net margin of 3.64%.

Russel Metals Company Profile

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.