Russel Metals Inc. (TSE:RUS) Receives C$38.13 Average Target Price from Brokerages

Shares of Russel Metals Inc. (TSE:RUSGet Rating) have received an average recommendation of “Buy” from the nine research firms that are presently covering the company, reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$38.13.

Several research firms have issued reports on RUS. Raymond James set a C$41.00 target price on shares of Russel Metals and gave the stock an “outperform” rating in a research note on Wednesday, February 23rd. Royal Bank of Canada lowered their price objective on Russel Metals from C$43.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Monday, January 24th. Finally, Stifel Nicolaus started coverage on Russel Metals in a research report on Wednesday, March 16th. They set a “buy” rating and a C$36.00 target price for the company.

TSE:RUS opened at C$31.65 on Friday. The business’s fifty day moving average is C$32.29 and its 200 day moving average is C$32.84. The firm has a market cap of C$2.00 billion and a price-to-earnings ratio of 4.59. The company has a debt-to-equity ratio of 32.39, a quick ratio of 1.10 and a current ratio of 2.69. Russel Metals has a 52-week low of C$26.67 and a 52-week high of C$37.57.

Russel Metals (TSE:RUSGet Rating) last posted its earnings results on Thursday, February 10th. The company reported C$1.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$1.55 by C$0.10. The company had revenue of C$1.15 billion for the quarter. Equities analysts predict that Russel Metals will post 2.6850807 EPS for the current fiscal year.

Russel Metals Company Profile (Get Rating)

Russel Metals Inc operates as a metal distribution company in North America. The company operates through three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metal Service Centers segment sells plates, flat rolled carbon, stainless steel, aluminum, and other non-ferrous specialty metal products, as well as general line steel products, such as plates, structural shapes, bars, sheets, pipes, tubing, and hollow structural steel tubing.

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