Russel Metals Inc. (TSE:RUS) Receives Average Recommendation of “Moderate Buy” from Analysts

by · The Cerbat Gem

Russel Metals Inc. (TSE:RUS – Get Free Report) has received an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$46.93.

A number of brokerages have weighed in on RUS. Stifel Nicolaus dropped their target price on shares of Russel Metals from C$55.00 to C$52.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. National Bankshares dropped their target price on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. BMO Capital Markets dropped their target price on shares of Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. TD Securities raised shares of Russel Metals from a “hold” rating to a “buy” rating and increased their target price for the stock from C$44.00 to C$46.00 in a report on Monday, September 16th. Finally, Royal Bank of Canada dropped their price objective on shares of Russel Metals from C$47.00 to C$43.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 2nd.

View Our Latest Stock Report on Russel Metals

Russel Metals Trading Up 0.7 %

TSE RUS opened at C$40.85 on Wednesday. Russel Metals has a 12 month low of C$33.38 and a 12 month high of C$47.39. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44. The company has a market capitalization of C$2.40 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 0.59 and a beta of 1.51. The company’s fifty day moving average price is C$38.70 and its two-hundred day moving average price is C$39.16.

Russel Metals (TSE:RUS – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported C$0.84 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.83 by C$0.01. The company had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.08 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%. As a group, research analysts predict that Russel Metals will post 4.1 earnings per share for the current fiscal year.

Russel Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Wednesday, August 28th. Russel Metals’s payout ratio is currently 48.98%.

Russel Metals Company Profile

(Get Free Report

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.

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