Russel Metals (TSE:RUS) Price Target Lowered to C$44.00 at TD Securities

Russel Metals (TSE:RUS) had its price objective lowered by stock analysts at TD Securities from C$45.00 to C$44.00 in a note issued to investors on Friday, BayStreet.CA reports. TD Securities’ target price indicates a potential upside of 14.55% from the stock’s current price.

RUS has been the topic of a number of other reports. National Bankshares lowered their price objective on 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. Scotiabank cut their price target on shares of Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating on the stock in a research report on Wednesday, April 17th. Stifel Nicolaus reduced their target price on Russel Metals from C$55.50 to C$54.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Raymond James dropped their price objective on shares of Russel Metals from C$52.00 to C$48.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. Finally, BMO Capital Markets decreased their price target on Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$46.64.

Russel Metals Stock Down 2.3 %

Russel Metals stock traded down C$0.90 during midday trading on Friday, hitting C$38.41. 149,990 shares of the company were exchanged, compared to its average volume of 186,341. Russel Metals has a fifty-two week low of C$33.38 and a fifty-two week high of C$47.39. The company has a market cap of C$2.31 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.59 and a beta of 1.57. The company has a debt-to-equity ratio of 25.43, a current ratio of 4.37 and a quick ratio of 1.44. The company’s fifty day moving average price is C$37.75 and its 200-day moving average price is C$40.98.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Wednesday, May 1st. The company reported C$0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.80 by C$0.02. The business had revenue of C$1.06 billion during 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%. On average, research analysts predict that Russel Metals will post 3.5267452 EPS for the current fiscal year.

Insider Buying and Selling at Russel Metals

In other Russel Metals news, Director Stewart Burton bought 3,000 shares of Russel Metals stock in a transaction dated Friday, June 21st. The shares were purchased at an average cost of C$36.35 per share, with a total value of C$109,050.00. 0.81% of the stock is currently owned by corporate insiders.

About Russel Metals

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.