Scotiabank Raises Russel Metals (TSE:RUS) Price Target to C$54.00

Russel Metals (TSE:RUS) had its price objective upped by Scotiabank from C$52.00 to C$54.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 14.60% from the company’s current price.

A number of other equities analysts also recently commented on RUS. Stifel Nicolaus downgraded shares of Russel Metals from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$49.00 to C$50.50 in a research note on Friday, February 6th. Royal Bank Of Canada raised their target price on Russel Metals from C$47.00 to C$51.00 in a research report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$54.42.

Russel Metals Trading Up 0.4%

Shares of Russel Metals stock opened at C$47.12 on Friday. The stock has a 50 day moving average of C$46.10 and a 200 day moving average of C$42.97. The firm 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. Russel Metals has a fifty-two week low of C$34.62 and a fifty-two 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 posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.63 EPS for the quarter. Russel Metals had a net margin of 4.27% and a return on equity of 11.03%. The company had revenue of C$1.17 billion during the quarter.

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

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.