Russel Metals (TSE:RUS) Price Target Raised to C$85.00

Russel Metals (TSE:RUS) had its target price raised by Stifel Nicolaus from C$64.00 to C$85.00 in a research note released on Monday,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research firms have also weighed in on RUS. Royal Bank Of Canada upped their price objective on shares of Russel Metals from C$63.00 to C$68.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 30th. Scotia raised their price target on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a report on Thursday, May 7th. TD boosted their target price on Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Raymond James Financial upped their target price on Russel Metals from C$65.00 to C$70.00 in a research report on Friday, June 5th. Finally, BMO Capital Markets increased their price target on Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$76.89.

Russel Metals Stock Down 1.2%

Shares of TSE:RUS opened at C$79.67 on Monday. The company has a quick ratio of 1.44, a current ratio of 2.61 and a debt-to-equity ratio of 27.88. The business’s 50 day moving average is C$66.00 and its 200 day moving average is C$56.37. The stock has a market cap of C$4.37 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. Russel Metals has a 52-week low of C$39.09 and a 52-week high of C$83.12.

Russel Metals (TSE:RUS) last issued its earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. The business had revenue of C$1.66 billion during the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%.

Russel Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a yield of 2.2%. Russel Metals’s dividend payout ratio is presently 48.31%.

Insider Activity at Russel Metals

In other Russel Metals news, insider Martin Leb Juravsky sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of C$63.28, for a total value of C$316,400.00. Following the completion of the transaction, the insider owned 12,356 shares of the company’s stock, valued at approximately C$781,887.68. This trade represents a 28.81% decrease in their ownership of the stock. Also, insider John Gregory Reid sold 28,935 shares of Russel Metals stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of C$58.62, for a total transaction of C$1,696,169.70. Following the sale, the insider owned 306,147 shares of the company’s stock, valued at C$17,946,337.14. The trade was a 8.64% decrease in their ownership of the stock. In the last three months, insiders sold 58,935 shares of company stock worth $3,575,645. Corporate insiders own 0.85% of the company’s stock.

Russel Metals News Roundup

Here are the key news stories impacting Russel Metals this week:

• Positive Sentiment: Scotiabank raised its price target from C$76.00 to C$89.00 and maintained a “sector outperform” rating, implying further appreciation from the referenced C$80.61 price. BayStreet analyst ratings
• Positive Sentiment: TD significantly increased its target from C$68.00 to C$94.00 and upgraded its view to “buy,” representing the most optimistic target among the reported broker updates. BayStreet analyst ratings
• Positive Sentiment: RBC Capital reportedly initiated or reiterated a “buy” recommendation, while RBC and Stifel Nicolaus both published outlooks calling for strong price appreciation. RBC Capital buy recommendation Stifel Nicolaus outlook
• Neutral Sentiment: The analyst consensus price target is C$61.17, indicating a substantial gap below the referenced trading price despite the more bullish individual targets. This divergence suggests uncertainty about Russel Metals’ near-term valuation and earnings outlook. Consensus price target
• Negative Sentiment: Raymond James downgraded Russel Metals to “hold,” providing a counterweight to the recent target increases and potentially encouraging profit-taking after the stock’s sharp advance toward its 52-week high. Raymond James downgrade

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.