Brokerages Set Russel Metals Inc. (TSE:RUS) Price Target at C$54.42

Russel Metals Inc. (TSE:RUS) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$54.42.

RUS has been the topic of several recent analyst reports. National Bank Financial lowered Russel Metals from an “outperform” rating to a “hold” rating and upped their price target for the company from C$54.00 to C$56.00 in a research note on Friday, February 13th. Scotiabank lifted their price objective 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. Stifel Nicolaus upped their price target on Russel Metals from C$49.00 to C$50.50 and gave the stock a “hold” rating in a report on Friday, February 13th. 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 report on Friday, February 13th. Finally, TD Securities boosted their target price on Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research note on Friday, February 13th.

Russel Metals Stock Performance

TSE RUS opened at C$48.44 on Friday. 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 30.44, a quick ratio of 1.44 and a current ratio of 3.06. The stock’s fifty day moving average is C$47.99 and its two-hundred day moving average is C$44.44. The firm has a market capitalization of C$2.67 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 0.59 and a beta of 0.87.

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

Russel Metals Company Profile

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.