BMO Capital Markets Cuts Russel Metals (TSE:RUS) Price Target to C$45.00

Russel Metals (TSE:RUS) had its target price decreased by analysts at BMO Capital Markets from C$46.00 to C$45.00 in a research note issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 15.18% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. TD Securities lowered their price target on Russel Metals from C$48.00 to C$45.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Scotiabank lowered their target price on Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating on the stock in a research note on Wednesday, April 17th. Stifel Nicolaus cut their price target on Russel Metals from C$55.50 to C$54.00 and set a “buy” rating for the company in a research note on Friday, April 19th. National Bankshares lowered their price objective on shares of Russel Metals from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 16th. Finally, Raymond James cut their price objective on shares of Russel Metals from C$52.00 to C$48.00 and set an “outperform” rating for the company in a research report on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$47.21.

Russel Metals Stock Performance

TSE:RUS traded up C$0.09 during mid-day trading on Wednesday, reaching C$39.07. 82,573 shares of the stock were exchanged, compared to its average volume of 182,778. The stock has a market capitalization of C$2.35 billion, a P/E ratio of 9.90, a P/E/G ratio of 0.59 and a beta of 1.57. Russel Metals has a 1 year low of C$33.38 and a 1 year high of C$47.39. The company has a 50 day simple moving average of C$37.64 and a 200-day simple moving average of C$41.13. The company has a quick ratio of 1.44, a current ratio of 4.37 and a debt-to-equity ratio of 25.43.

Russel Metals (TSE:RUS) last announced its earnings results on Wednesday, May 1st. The company reported C$0.82 EPS for the quarter, beating analysts’ consensus estimates of C$0.80 by C$0.02. The business had revenue of C$1.06 billion for the quarter, compared to analysts’ expectations of C$1.16 billion. Russel Metals had a net margin of 5.54% and a return on equity of 14.72%. Analysts anticipate that Russel Metals will post 3.5267452 earnings per share for the current fiscal year.

Insider Buying and Selling at Russel Metals

In other Russel Metals news, Director Stewart Burton acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were acquired at an average cost of C$36.35 per share, for a total transaction of C$109,050.00. 0.81% of the stock is owned by corporate insiders.

Russel Metals Company Profile

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.