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, MarketBeat.com 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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