Raymond James Issues Positive Forecast for Russel Metals (TSE:RUS) Stock Price

Russel Metals (TSE:RUS) had its target price increased by Raymond James from C$50.00 to C$56.00 in a research note released on Wednesday morning,BayStreet.CA reports. Raymond James also issued estimates for Russel Metals’ Q4 2024 earnings at $0.62 EPS, FY2024 earnings at $3.05 EPS, Q1 2025 earnings at $1.04 EPS, Q2 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.16 EPS, Q3 2025 earnings at $1.19 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $4.40 EPS and FY2025 earnings at $4.25 EPS.

Several other analysts also recently weighed in on RUS. National Bankshares lowered their price target on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus boosted their target price on Russel Metals from C$53.00 to C$54.50 in a research note on Wednesday. Royal Bank of Canada increased their target price on Russel Metals from C$43.00 to C$45.00 in a report on Friday, November 8th. BMO Capital Markets decreased their price target on Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. Finally, TD Securities increased their price objective on Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$49.29.

Russel Metals Stock Performance

Shares of TSE RUS opened at C$43.06 on Wednesday. The stock’s 50-day moving average is C$40.11 and its 200 day moving average is C$38.81. The stock has a market cap of C$2.53 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 0.59 and a beta of 1.52. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$47.39. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88.

Russel Metals (TSE:RUS) last posted its quarterly 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). The business had revenue of C$1.09 billion for the quarter, compared to analysts’ expectations of C$1.06 billion. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%.

Russel Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.90%. Russel Metals’s dividend payout ratio is presently 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.