Stifel Nicolaus Raises Russel Metals (TSE:RUS) Price Target to C$50.50

Russel Metals (TSE:RUS) had its price target lifted by equities research analysts at Stifel Nicolaus from C$49.00 to C$50.50 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 7.17% from the stock’s current price.

Several other equities analysts have also issued reports on RUS. National Bank Financial lowered Russel Metals from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$54.00 to C$56.00 in a research note on Friday. TD Securities lifted their target price on Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank Of Canada boosted their price objective on Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Scotiabank boosted their price target on shares of Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Russel Metals presently has a consensus rating of “Moderate Buy” and an average target price of C$54.42.

Russel Metals Trading Up 0.4%

Shares of Russel Metals stock opened at C$47.12 on Friday. The firm’s 50-day moving average price is C$46.10 and its two-hundred day moving average price is C$42.97. The company has a market capitalization of C$2.62 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 0.59 and a beta of 1.06. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. Russel Metals has a 12-month low of C$34.62 and a 12-month high of C$53.37.

Russel Metals (TSE:RUS) last issued its earnings results on Wednesday, November 5th. The company reported C$0.63 EPS for the quarter. The firm had revenue of C$1.17 billion during the quarter. Russel Metals had a return on equity of 11.03% and a net margin of 4.27%.

Russel Metals News Summary

Here are the key news stories impacting Russel Metals this week:

• Positive Sentiment: TD Securities raised its price target to C$57.00 and maintained a “buy” rating (≈21.6% upside vs. the cited reference price). This is one of the largest target increases and is a clear bullish catalyst. TD Securities raises target
• Positive Sentiment: Royal Bank of Canada raised its target to C$55.00 and kept an “outperform” rating (≈17.3% upside), reinforcing buy-side interest. RBC raises target
• Positive Sentiment: Scotiabank increased its target to C$54.00 and kept an “outperform” rating (≈15.2% upside), adding another institutional vote of confidence. Scotiabank raises target TickerReport item
• Neutral Sentiment: Stifel Nicolaus nudged its target to C$50.50 and kept a “hold” rating (≈7.7% upside). The smaller increase and neutral stance are less market-moving than the buy/outperform calls. Stifel updates target
• Negative Sentiment: National Bank Financial downgraded Russel Metals from “outperform” to “sector perform” despite raising its target to C$56.00. The downgrade introduces a cautionary note on forward relative performance even though the new target is higher. National Bank downgrades

Russel Metals Company Profile

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.