Russel Metals (TSE:RUS) Given a C$94.00 Price Target by TD Analysts

Russel Metals (TSE:RUS) received a C$94.00 target price from analysts at TD in a research report issued on Monday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD’s price objective suggests a potential upside of 17.46% from the stock’s previous close.

RUS has been the subject of a number of other research reports. National Bank Financial increased their price objective on Russel Metals from C$57.00 to C$75.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Raymond James Financial cut Russel Metals from a “moderate buy” rating to a “hold” rating and lifted their target price for the stock from C$70.00 to C$82.00 in a report on Monday, August 10th. Scotiabank boosted their target price on Russel Metals from C$76.00 to C$89.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 11th. Stifel Nicolaus upped their target price on Russel Metals from C$64.00 to C$85.00 and gave the company a “hold” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada increased their price target on Russel Metals from C$68.00 to C$92.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$76.89.

Russel Metals Price Performance

TSE RUS traded down C$0.02 on Monday, reaching C$80.03. The company’s stock had a trading volume of 26,726 shares, compared to its average volume of 225,556. Russel Metals has a twelve month low of C$39.09 and a twelve month high of C$83.12. The company has a debt-to-equity ratio of 27.88, a quick ratio of 1.44 and a current ratio of 2.61. The firm’s 50 day moving average is C$73.49 and its two-hundred day moving average is C$61.58. The stock has a market cap of C$4.39 billion, a PE ratio of 20.42, a PEG ratio of 0.59 and a beta of 1.28.

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

Insider Transactions at Russel Metals

In related news, Director Brian Robie Hedges acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of C$80.48 per share, for a total transaction of C$80,480.00. Following the purchase, the director owned 1,000 shares in the company, valued at C$80,480. This represents a ∞ increase in their ownership of the stock. Also, Director James Francis Dinning sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of C$80.00, for a total transaction of C$240,000.00. Following the completion of the sale, the director owned 16,250 shares of the company’s stock, valued at approximately C$1,300,000. The trade was a 15.58% decrease in their position. Insiders sold 33,682 shares of company stock valued at $2,735,333 over the last three months. 0.85% of the stock is owned by corporate insiders.

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.