Russel Metals Inc. (TSE:RUS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Russel Metals Inc. (TSE:RUS) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$50.50.

A number of equities research analysts have commented on the company. Raymond James raised their price objective on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Stifel Nicolaus increased their target price on shares of Russel Metals from C$54.50 to C$57.00 in a report on Friday, November 22nd. Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$45.00 to C$51.00 in a report on Tuesday, November 26th. Finally, TD Securities increased their price target on shares of 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.

Russel Metals Stock Performance

TSE:RUS opened at C$40.39 on Friday. 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 twelve month low of C$35.20 and a twelve month high of C$47.39. The company has a fifty day moving average of C$42.93 and a 200-day moving average of C$40.04. The firm has a market capitalization of C$2.37 billion, a P/E ratio of 11.78, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.02). The company 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 firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was 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.