Russel Metals (TSE:RUS) Price Target Raised to C$50.00

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

Other analysts have also recently issued research reports about the stock. BMO Capital Markets dropped their price target on shares of Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. National Bankshares lowered their price objective on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus reduced their target price on Russel Metals from C$55.00 to C$52.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Royal Bank of Canada upped their price target on Russel Metals from C$43.00 to C$45.00 in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Russel Metals currently has an average rating of “Moderate Buy” and a consensus target price of C$49.29.

Russel Metals Stock Performance

TSE RUS opened at C$42.32 on Tuesday. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. The stock’s fifty day moving average is C$39.98 and its two-hundred day moving average is C$38.78. The firm has a market capitalization of C$2.48 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. Russel Metals has a fifty-two week low of C$35.20 and a fifty-two week high of C$47.39.

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

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Wednesday, November 27th. Russel Metals’s dividend payout ratio (DPR) is 48.98%.

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.