Russel Metals Inc. (TSE:RUS) Receives C$54.42 Average PT from Analysts

Russel Metals Inc. (TSE:RUS) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$54.42.

Several research analysts have weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Russel Metals from C$51.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Friday. Scotiabank upped their price objective 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. Stifel Nicolaus lifted their target price on shares of Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a report on Friday. Natl Bk Canada lowered Russel Metals from a “strong-buy” rating to a “hold” rating in a research report on Friday. Finally, National Bank Financial lowered Russel Metals from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$54.00 to C$56.00 in a research report on Friday.

Russel Metals Price Performance

TSE:RUS opened at C$47.12 on Friday. Russel Metals has a 52 week low of C$34.62 and a 52 week high of C$53.37. The stock’s fifty day moving average is C$46.10 and its two-hundred day moving average is C$42.96. The company has a market capitalization of C$2.59 billion, a P/E ratio of 15.65, a P/E/G ratio of 0.59 and a beta of 1.06. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28.

Russel Metals (TSE:RUS) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.63 earnings per share (EPS) for the quarter. The firm 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%.

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, November 27th. Russel Metals’s payout ratio is currently 56.81%.

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.