Russel Metals (RUS) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Russel Metals (TSE: RUS) in the last few weeks:

• 4/25/2024 – Russel Metals had its price target lowered by analysts at TD Securities from C$48.00 to C$45.00. They now have a “hold” rating on the stock.
• 4/19/2024 – Russel Metals had its price target lowered by analysts at Stifel Nicolaus from C$55.50 to C$54.00. They now have a “buy” rating on the stock.
• 4/17/2024 – Russel Metals had its price target lowered by analysts at Scotiabank from C$50.00 to C$48.50. They now have a “sector perform” rating on the stock.
• 4/17/2024 – Russel Metals had its price target lowered by analysts at Raymond James from C$52.00 to C$48.00. They now have an “outperform” rating on the stock.
• 3/13/2024 – Russel Metals had its price target lowered by analysts at Stifel Nicolaus from C$56.00 to C$55.50.

Russel Metals Price Performance

RUS opened at C$38.52 on Monday. The stock has a 50-day moving average price of C$42.63 and a 200-day moving average price of C$41.91. Russel Metals Inc. has a 12-month low of C$33.38 and a 12-month high of C$47.39. The company has a current ratio of 4.14, a quick ratio of 1.44 and a debt-to-equity ratio of 25.76. The stock has a market capitalization of C$2.31 billion, a P/E ratio of 8.90, a PEG ratio of 0.59 and a beta of 1.54.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Thursday, February 8th. The company reported C$0.78 earnings per share for the quarter, topping the consensus estimate of C$0.72 by C$0.06. Russel Metals had a return on equity of 16.67% and a net margin of 5.92%. The business had revenue of C$1.02 billion during the quarter, compared to analysts’ expectations of C$1.06 billion. Equities analysts predict that Russel Metals Inc. will post 3.5926623 earnings per share for the current fiscal year.

Russel Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 29th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Wednesday, May 29th. This is a positive change from Russel Metals’s previous quarterly dividend of $0.40. Russel Metals’s dividend payout ratio (DPR) is 36.95%.

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.