Russel Metals (TSE:RUS) Hits New 1-Year High – What’s Next?

Russel Metals Inc. (TSE:RUS)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$48.42 and last traded at C$48.27, with a volume of 30515 shares changing hands. The stock had previously closed at C$47.98.

Wall Street Analysts Forecast Growth

RUS has been the topic of several recent analyst reports. Raymond James Financial cut their price objective on Russel Metals from C$56.00 to C$54.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. National Bankshares upped their price objective on Russel Metals from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Royal Bank Of Canada increased their price objective on Russel Metals from C$47.00 to C$51.00 in a report on Wednesday, January 14th. Finally, Scotiabank raised Russel Metals to a “strong-buy” rating in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat.com, Russel Metals has an average rating of “Buy” and an average price target of C$51.80.

Russel Metals Trading Up 0.8%

The company has a market cap of C$2.69 billion, a P/E ratio of 16.57, a PEG ratio of 0.59 and a beta of 1.10. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. The business has a 50 day moving average price of C$43.17 and a 200-day moving average price of C$42.45.

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

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders 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 dividend payout ratio is presently 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.