Raymond James Trims Russel Metals (TSE:RUS) Target Price to C$48.00

Russel Metals (TSE:RUS) had its price objective trimmed by Raymond James from C$52.00 to C$48.00 in a report published on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on RUS. Scotiabank reduced their price objective on shares of Russel Metals from C$50.00 to C$48.50 and set a sector perform rating on the stock in a research note on Wednesday. BMO Capital Markets increased their price objective on shares of Russel Metals from C$44.00 to C$46.00 and gave the stock an outperform rating in a research note on Friday, February 9th. TD Securities increased their price objective on shares of Russel Metals from C$43.00 to C$48.00 and gave the stock a hold rating in a research note on Monday, February 12th. Royal Bank of Canada increased their price objective on shares of Russel Metals from C$42.00 to C$47.00 in a research note on Tuesday, December 19th. Finally, Stifel Nicolaus reduced their price objective on shares of Russel Metals from C$56.00 to C$55.50 in a research note on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of C$48.29.

Russel Metals Trading Down 3.2 %

RUS stock opened at C$39.41 on Wednesday. The company has a debt-to-equity ratio of 25.76, a quick ratio of 1.44 and a current ratio of 4.14. The company’s 50-day simple moving average is C$44.10 and its 200 day simple moving average is C$41.59. Russel Metals has a 52 week low of C$32.53 and a 52 week high of C$47.39. The company has a market capitalization of C$2.38 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54.

Russel Metals (TSE:RUS) last released its quarterly earnings results on Thursday, February 8th. The company reported C$0.78 EPS for the quarter, beating the consensus estimate of C$0.72 by C$0.06. Russel Metals had a net margin of 5.92% and a return on equity of 16.67%. The business had revenue of C$1.02 billion for the quarter, compared to the consensus estimate of C$1.06 billion. As a group, sell-side analysts anticipate that Russel Metals will post 3.7672493 earnings per share for the current year.

Russel Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.06%. Russel Metals’s dividend payout ratio (DPR) is currently 36.95%.

Russel Metals Company Profile

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.