Russel Metals Inc. (TSE:RUS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Russel Metals Inc. (TSE:RUS) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$50.50.

Several brokerages have issued reports on RUS. Raymond James raised their price objective on Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. TD Securities lifted their price target on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus increased their price objective on Russel Metals from C$54.50 to C$57.00 in a report on Friday, November 22nd. Finally, Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$45.00 to C$51.00 in a report on Tuesday, November 26th.

Russel Metals Stock Down 1.3 %

Russel Metals stock opened at C$44.35 on Monday. The stock has a market cap of C$2.60 billion, a PE ratio of 12.93, a P/E/G ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44. The stock’s fifty day moving average is C$42.28 and its two-hundred day moving average is C$39.53. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$47.39.

Russel Metals (TSE:RUS) last issued its earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.02). The business had revenue of C$1.09 billion for the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%.

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.68 annualized dividend and a yield of 3.79%. Russel Metals’s dividend payout ratio is currently 48.98%.

About Russel Metals

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.