Russel Metals (TSE:RUS) Price Target Raised to C$57.00

Russel Metals (TSE:RUS) had its target price lifted by Stifel Nicolaus from C$54.50 to C$57.00 in a research note released on Friday,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. Raymond James upped their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. TD Securities increased their price objective on shares of 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. National Bankshares dropped their price objective on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Royal Bank of Canada increased their price objective on shares of Russel Metals from C$43.00 to C$45.00 in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Russel Metals has a consensus rating of “Moderate Buy” and an average target price of C$49.64.

Russel Metals Stock Performance

TSE:RUS opened at C$44.24 on Friday. 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 firm has a 50-day moving average of C$40.79 and a two-hundred day moving average of C$38.94. The stock has a market cap of C$2.60 billion, a P/E ratio of 12.90, 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.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share 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 net margin of 4.87% and a return on equity of 12.67%.

Russel Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.68 annualized dividend and a dividend yield of 3.80%. Russel Metals’s dividend payout ratio (DPR) is presently 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.