TD Securities Raises Russel Metals (TSE:RUS) Price Target to C$57.00

Russel Metals (TSE:RUS) had its target price lifted by equities research analysts at TD Securities from C$50.00 to C$57.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 20.97% from the stock’s previous close.

A number of other brokerages also recently weighed in on RUS. Royal Bank Of Canada upped their price target on shares of Russel Metals from C$47.00 to C$51.00 in a report on Wednesday, January 14th. Stifel Nicolaus lowered shares of Russel Metals from a “buy” rating to a “hold” rating and increased their target price for the company from C$49.00 to C$50.50 in a research note on Friday, February 6th. Finally, Scotiabank raised their target price on shares of Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a report on Friday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Russel Metals currently has an average rating of “Moderate Buy” and a consensus target price of C$54.42.

Russel Metals Price Performance

RUS stock opened at C$47.12 on Friday. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. The company has a market capitalization of C$2.62 billion, a PE ratio of 16.14, a P/E/G ratio of 0.59 and a beta of 1.06. The stock’s 50 day moving average is C$46.10 and its two-hundred day moving average is C$42.97. Russel Metals has a 52-week low of C$34.62 and a 52-week high of C$53.37.

Russel Metals (TSE:RUS) last announced its earnings results on Wednesday, November 5th. The company reported C$0.63 earnings per share for the quarter. The business 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%.

More Russel Metals News

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

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.