Russel Metals Inc. (TSE:RUS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Russel Metals Inc. (TSE:RUS) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$46.93.

A number of equities analysts have commented on the company. Stifel Nicolaus decreased their price target on Russel Metals from C$55.00 to C$52.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. National Bankshares reduced their target price on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. BMO Capital Markets reduced their target price on Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. TD Securities raised Russel Metals from a “hold” rating to a “buy” rating and boosted their target price for the company from C$44.00 to C$46.00 in a research note on Monday, September 16th. Finally, Royal Bank of Canada reduced their target price on Russel Metals from C$47.00 to C$43.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 2nd.

Russel Metals Price Performance

Shares of Russel Metals stock opened at C$39.84 on Wednesday. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44. The business’s 50 day simple moving average is C$38.72 and its two-hundred day simple moving average is C$39.14. The stock has a market capitalization of C$2.34 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 0.59 and a beta of 1.51. Russel Metals has a one year low of C$33.38 and a one year high of C$47.39.

Russel Metals (TSE:RUS) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.84 EPS for the quarter, topping analysts’ consensus estimates of C$0.83 by C$0.01. The business had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.08 billion. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%. Analysts forecast that Russel Metals will post 4.1 EPS for the current year.

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were paid a $0.42 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.68 annualized dividend and a yield of 4.22%. Russel Metals’s payout ratio is 48.98%.

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.