Brokerages Set Russel Metals Inc. (TSE:RUS) Target Price at C$46.93

Russel Metals Inc. (TSE:RUS) has earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$46.93.

RUS has been the subject of several research analyst reports. TD Securities raised shares of Russel Metals from a “hold” rating to a “buy” rating and lifted their price target for the company from C$44.00 to C$46.00 in a research note on Monday, September 16th. National Bankshares cut their price target on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Stifel Nicolaus decreased their price objective on Russel Metals from C$55.00 to C$52.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, BMO Capital Markets cut their target price on Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th.

Russel Metals Stock Performance

RUS stock opened at C$38.80 on Friday. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$47.39. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. The stock has a 50-day moving average price of C$39.20 and a 200-day moving average price of C$38.72. The firm has a market cap of C$2.28 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.83 by C$0.01. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%. The firm had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.08 billion.

Russel Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.33%. The ex-dividend date was Wednesday, August 28th. Russel Metals’s dividend payout ratio (DPR) is presently 48.98%.

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.