Research Analysts’ Recent Ratings Updates for Russel Metals (RUS)

by · The Cerbat Gem

Russel Metals (TSE: RUS) recently received a number of ratings updates from brokerages and research firms:

  • 11/13/2024 – Russel Metals had its price target raised by analysts at Raymond James from C$50.00 to C$56.00.
  • 11/13/2024 – Russel Metals had its price target raised by analysts at Stifel Nicolaus from C$53.00 to C$54.50.
  • 11/12/2024 – Russel Metals had its price target raised by analysts at TD Securities from C$46.00 to C$50.00. They now have a “buy” rating on the stock.
  • 11/8/2024 – Russel Metals had its price target raised by analysts at Royal Bank of Canada from C$43.00 to C$45.00.
  • 9/16/2024 – Russel Metals was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating. They now have a C$46.00 price target on the stock, up previously from C$44.00.

Russel Metals Trading Down 3.0 %

Shares of RUS stock opened at C$42.32 on Friday. The company’s 50-day moving average price is C$39.98 and its 200-day moving average price is C$38.78. Russel Metals Inc. has a twelve month low of C$35.20 and a twelve month high of C$47.39. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. The stock has a market cap of C$2.48 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS – Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported C$0.59 EPS for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). Russel Metals had a net margin of 4.87% and a return on equity of 12.67%. The company had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.06 billion.

Russel Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.68 dividend on an annualized basis and a yield of 3.97%. Russel Metals’s dividend payout ratio (DPR) is presently 48.98%.

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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