Russel Metals (TSE:RUS) Price Target Raised to C$45.50 at Stifel Nicolaus

Russel Metals (TSE:RUS) had its price objective boosted by Stifel Nicolaus from C$44.50 to C$45.50 in a report released on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently weighed in on RUS. National Bankshares set a C$41.00 target price on shares of Russel Metals and gave the stock a sector perform rating in a research note on Monday, July 10th. TD Securities raised their price objective on shares of Russel Metals from C$39.00 to C$43.00 and gave the company a hold rating in a research report on Tuesday, August 15th. BMO Capital Markets raised their price objective on shares of Russel Metals from C$40.00 to C$41.00 in a research report on Monday, August 14th. Finally, Royal Bank of Canada raised their price objective on shares of Russel Metals from C$40.00 to C$42.00 and gave the company a sector perform rating in a research report on Monday, August 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of C$42.07.

Russel Metals Stock Performance

TSE:RUS opened at C$38.14 on Monday. The company has a debt-to-equity ratio of 25.99, a current ratio of 3.49 and a quick ratio of 1.44. Russel Metals has a 12 month low of C$24.53 and a 12 month high of C$40.52. The firm has a market capitalization of C$2.34 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47. The business’s fifty day moving average price is C$38.57 and its 200 day moving average price is C$36.25.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Thursday, August 10th. The company reported C$1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.27 by C$0.10. Russel Metals had a net margin of 6.49% and a return on equity of 20.12%. The company had revenue of C$1.19 billion during the quarter, compared to the consensus estimate of C$1.26 billion. On average, sell-side analysts anticipate that Russel Metals will post 3.5992474 earnings per share for the current fiscal year.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 15th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.20%. Russel Metals’s dividend payout ratio (DPR) is 32.39%.

Russel Metals Company Profile

Russel Metals Inc operates as a metal distribution company in Canada and the United States. It operates through Metals Service Centers, Energy Field Stores, and Steel Distributors segments. 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.