Russel Metals Inc. (TSE:RUS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Russel Metals Inc. (TSE:RUS) have earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$50.21.

RUS has been the topic of a number of recent analyst reports. Raymond James boosted their price target on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Stifel Nicolaus cut their price target on Russel Metals from C$57.00 to C$55.00 in a report on Monday. TD Securities boosted their price target on Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$45.00 to C$51.00 in a research report on Tuesday, November 26th.

Russel Metals Stock Up 1.0 %

Russel Metals stock opened at C$41.09 on Tuesday. 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 PE ratio of 11.98, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. Russel Metals has a 12 month low of C$35.20 and a 12 month high of C$47.39. The business has a 50 day simple moving average of C$42.75 and a 200-day simple moving average of C$40.55.

Russel Metals (TSE:RUS) last announced 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). 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 analyst estimates of C$1.06 billion.

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a 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.