Russel Metals (TSE:RUS) Price Target Raised to C$51.00

Russel Metals (TSE:RUS) had its price target boosted by Royal Bank Of Canada from C$47.00 to C$51.00 in a research report report published on Wednesday,BayStreet.CA reports.

A number of other research firms have also commented on RUS. Scotiabank raised Russel Metals to a “strong-buy” rating in a research report on Friday, October 10th. Raymond James Financial lowered their target price on shares of Russel Metals from C$56.00 to C$54.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. National Bankshares raised their price target on shares of Russel Metals from C$55.00 to C$56.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, Stifel Nicolaus cut their price target on shares of Russel Metals from C$49.00 to C$48.00 and set a “buy” rating on the stock in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$51.80.

Russel Metals Price Performance

Shares of TSE RUS opened at C$47.83 on Wednesday. The stock has a market cap of C$2.66 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 0.59 and a beta of 1.10. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. Russel Metals has a fifty-two week low of C$34.62 and a fifty-two week high of C$48.80. The firm’s 50-day simple moving average is C$42.70 and its 200 day simple moving average is C$42.40.

Russel Metals (TSE:RUS) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.63 EPS for the quarter. Russel Metals had a return on equity of 11.03% and a net margin of 4.27%.The firm had revenue of C$1.17 billion during the quarter.

Russel Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Thursday, November 27th. Russel Metals’s payout ratio is 58.22%.

Russel Metals Company Profile

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.