Russel Metals (TSE:RUS) Rating Lowered to Sector Perform at National Bank Financial

Russel Metals (TSE:RUS) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Friday,BayStreet.CA reports. They presently have a C$56.00 target price on the stock, up from their prior target price of C$54.00. National Bank Financial’s price target would indicate a potential upside of 18.85% from the company’s current price.

Other equities analysts have also issued reports about the company. Scotiabank boosted their target price on Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities boosted their price objective on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada raised their price target on Russel Metals from C$47.00 to C$51.00 in a research report on Wednesday, January 14th. Finally, Stifel Nicolaus cut Russel Metals from a “buy” rating to a “hold” rating and increased their target price for the stock from C$49.00 to C$50.50 in a report on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$54.42.

Russel Metals Stock Up 0.4%

TSE RUS opened at C$47.12 on Friday. The stock has a fifty day moving average of C$46.10 and a 200-day moving average of C$42.97. The stock has a market capitalization of C$2.62 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 0.59 and a beta of 1.06. Russel Metals has a 52 week low of C$34.62 and a 52 week high of C$53.37. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37.

Russel Metals (TSE:RUS) last released 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 net margin of 4.27% and a return on equity of 11.03%.

Key Headlines Impacting Russel Metals

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.