Stifel Nicolaus Issues Pessimistic Forecast for Russel Metals (TSE:RUS) Stock Price

Russel Metals (TSE:RUS) had its target price decreased by Stifel Nicolaus from C$57.00 to C$55.00 in a research report released on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also issued reports on RUS. TD Securities raised their target price on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Raymond James raised their target price on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada upgraded Russel Metals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$50.21.

Russel Metals Stock Up 1.0 %

Russel Metals stock opened at C$41.09 on Monday. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44. The stock has a market capitalization of C$2.41 billion, a price-to-earnings ratio of 11.98, a PEG 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 business has a fifty day moving average price of C$42.75 and a 200-day moving average price of C$40.55.

Russel Metals (TSE:RUS) last issued its earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The firm had revenue of C$1.09 billion during 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 business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Wednesday, November 27th. Russel Metals’s dividend payout ratio is currently 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.