Analysts Set Russel Metals Inc. (TSE:RUS) PT at C$49.29

Russel Metals Inc. (TSE:RUS) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$49.64.

A number of equities analysts recently commented on the company. TD Securities lifted their price objective 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. National Bankshares cut 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 report on Friday, August 2nd. 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. Stifel Nicolaus boosted their target price on shares of Russel Metals from C$54.50 to C$57.00 in a research report on Friday. Finally, Raymond James increased their price target on Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th.

Russel Metals Stock Performance

Shares of Russel Metals stock opened at C$43.80 on Thursday. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44. Russel Metals has a fifty-two week low of C$35.20 and a fifty-two week high of C$47.39. The firm has a market capitalization of C$2.57 billion, a P/E ratio of 12.77, a P/E/G ratio of 0.59 and a beta of 1.52. The company’s 50 day moving average price is C$40.92 and its two-hundred day moving average price is C$38.97.

Russel Metals (TSE:RUS) last issued its quarterly earnings data 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 business had revenue of C$1.09 billion during the quarter, compared to the consensus estimate 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 business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Wednesday, November 27th. Russel Metals’s dividend 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.