Russel Metals (TSE:RUS) Price Target Raised to C$54.50 at Stifel Nicolaus

Russel Metals (TSE:RUS) had its price target hoisted by Stifel Nicolaus from C$53.00 to C$54.50 in a research note published on Wednesday,BayStreet.CA reports.

Several other brokerages have also issued reports on RUS. BMO Capital Markets dropped their target price on shares of Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. TD Securities increased their target price on Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. National Bankshares decreased their target price on 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. Finally, Royal Bank of Canada boosted their price target on Russel Metals from C$43.00 to C$45.00 in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$49.29.

Russel Metals Price Performance

TSE:RUS opened at C$43.06 on Wednesday. The stock has a market capitalization of C$2.53 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The stock’s 50-day moving average price is C$40.11 and its 200-day moving average price is C$38.80. The company has a quick ratio of 1.44, a current ratio of 3.85 and a debt-to-equity ratio of 16.88. Russel Metals has a 52 week low of C$35.20 and a 52 week high of C$47.39.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$1.09 billion during the quarter, compared to analysts’ expectations of C$1.06 billion.

Russel Metals Announces Dividend

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