Russel Metals (TSE:RUS) Given New C$51.00 Price Target at National Bank Financial

Russel Metals (TSE:RUS) had its price objective lowered by National Bank Financial from C$56.00 to C$51.00 in a research report released on Wednesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

RUS has been the subject of several other research reports. Royal Bank Of Canada increased their target price on Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Stifel Nicolaus increased their target price on Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a research note on Friday, February 13th. Scotiabank increased their target price on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, TD Securities increased their target price on Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$53.58.

Russel Metals Stock Performance

Shares of TSE RUS opened at C$49.87 on Wednesday. The company has a debt-to-equity ratio of 30.44, a quick ratio of 1.44 and a current ratio of 3.06. The firm has a market cap of C$2.74 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 0.59 and a beta of 0.87. The business’s 50-day simple moving average is C$48.00 and its 200-day simple moving average is C$44.54. Russel Metals has a 52 week low of C$35.24 and a 52 week high of C$53.37.

Russel Metals (TSE:RUS) last issued its quarterly earnings data on Wednesday, February 11th. The company reported C$0.55 EPS for the quarter. The business had revenue of C$1.09 billion for the quarter. Russel Metals had a return on equity of 10.44% and a net margin of 3.64%.

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.