Russel Metals Inc. (TSE:RUS) Receives C$54.42 Average PT from Analysts

Russel Metals Inc. (TSE:RUS) has received an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$53.58.

RUS has been the subject of a number of research analyst reports. National Bank Financial decreased their price objective on shares of Russel Metals from C$56.00 to C$51.00 and set a “sector perform” rating for the company in a report on Wednesday. Scotiabank lifted their price objective on shares of Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Royal Bank Of Canada lifted their price objective on shares of Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Stifel Nicolaus lifted their price objective on shares of Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a report on Friday, February 13th. Finally, TD Securities lifted their price objective on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Friday, February 13th.

Russel Metals Trading Up 0.4%

Shares of RUS opened at C$50.60 on Friday. Russel Metals has a 1-year low of C$36.22 and a 1-year high of C$53.37. The company has a 50-day moving average of C$48.09 and a 200 day moving average of C$44.65. The firm has a market capitalization of C$2.78 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 0.59 and a beta of 0.87. The company has a debt-to-equity ratio of 30.44, a current ratio of 3.06 and a quick ratio of 1.44.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Wednesday, February 11th. The company reported C$0.55 earnings per share for the quarter. Russel Metals had a net margin of 3.64% and a return on equity of 10.44%. The company had revenue of C$1.09 billion during the quarter.

About Russel Metals

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.