Russel Metals (TSE:RUS) Stock Rating Lowered by Stifel Nicolaus

Russel Metals (TSE:RUS) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Friday,BayStreet.CA reports. They presently have a C$50.50 price target on the stock, up from their prior price target of C$49.00. Stifel Nicolaus’ target price would indicate a potential upside of 2.25% from the company’s current price.

RUS has been the topic of several other research reports. Royal Bank Of Canada increased their price target on shares of Russel Metals from C$47.00 to C$51.00 in a report on Wednesday, January 14th. National Bankshares increased their price objective on shares of Russel Metals from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, Scotiabank raised their target price on shares of Russel Metals from C$48.00 to C$52.00 in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$52.25.

Russel Metals Stock Performance

Shares of RUS opened at C$49.39 on Friday. The stock has a 50-day moving average of C$45.27 and a two-hundred day moving average of C$42.81. Russel Metals has a one year low of C$34.62 and a one year high of C$50.87. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. The stock has a market cap of C$2.75 billion, a P/E ratio of 16.91, a P/E/G ratio of 0.59 and a beta of 1.06.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.63 earnings per share for the quarter. Russel Metals had a return on equity of 11.03% and a net margin of 4.27%.The business had revenue of C$1.17 billion for the quarter.

About Russel Metals

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.