Russel Metals Inc. (TSE:RUS) Receives C$60.61 Consensus Target Price from Brokerages

Russel Metals Inc. (TSE:RUS) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$61.17.

RUS has been the subject of several recent research reports. Raymond James Financial boosted their target price on shares of Russel Metals from C$65.00 to C$70.00 in a research report on Friday, June 5th. BMO Capital Markets lifted their price target on Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Scotia boosted their price objective on Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 7th. TD increased their price objective on Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Stifel Nicolaus raised their target price on Russel Metals from C$49.00 to C$58.50 and gave the company a “hold” rating in a report on Thursday, May 7th.

Insider Buying and Selling

In related news, Director James Francis Dinning sold 2,500 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$62.10, for a total value of C$155,250.00. Following the completion of the sale, the director directly owned 19,250 shares of the company’s stock, valued at approximately C$1,195,425. This represents a 11.49% decrease in their position. Also, Director Brian Robie Hedges sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$63.25, for a total value of C$632,500.00. Over the last quarter, insiders sold 73,935 shares of company stock valued at $4,430,667. 0.85% of the stock is owned by corporate insiders.

Russel Metals Stock Performance

Shares of RUS stock opened at C$70.02 on Monday. The firm has a market capitalization of C$3.84 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. The firm has a fifty day simple moving average of C$61.80 and a two-hundred day simple moving average of C$53.09. The company has a current ratio of 2.86, a quick ratio of 1.44 and a debt-to-equity ratio of 29.50. Russel Metals has a 12 month low of C$39.09 and a 12 month high of C$70.87.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$1.30 earnings per share for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%. The firm had revenue of C$1.42 billion for the quarter.

Russel Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.76 annualized dividend and a yield of 2.5%. Russel Metals’s dividend payout ratio is 48.31%.

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.