Russel Metals (TSE:RUS) Given New C$54.00 Price Target at Raymond James Financial

Russel Metals (TSE:RUS) had its price objective cut by Raymond James Financial from C$56.00 to C$54.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock. Raymond James Financial also issued estimates for Russel Metals’ Q2 2026 earnings at $1.15 EPS and FY2026 earnings at $4.20 EPS.

A number of other brokerages have also commented on RUS. TD Securities decreased their price objective on Russel Metals from C$52.00 to C$50.00 and set a “buy” rating for the company in a report on Monday, August 11th. Stifel Nicolaus dropped their price objective on Russel Metals from C$49.00 to C$48.00 and set a “buy” rating on the stock in a research note on Friday, September 19th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Russel Metals currently has a consensus rating of “Buy” and a consensus price target of C$51.60.

Russel Metals Stock Performance

Shares of Russel Metals stock opened at C$41.74 on Wednesday. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. The business has a 50-day simple moving average of C$41.77 and a 200 day simple moving average of C$41.43. The firm has a market capitalization of C$2.34 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.59 and a beta of 1.22. Russel Metals has a one year low of C$34.62 and a one year high of C$46.87.

Russel Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, August 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.1%. Russel Metals’s dividend payout ratio is currently 58.48%.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.