Russel Metals (TSE:RUS) Price Target Raised to C$50.50 at Stifel Nicolaus

Russel Metals (TSE:RUS) had its price objective boosted by equities researchers at Stifel Nicolaus from C$49.00 to C$50.50 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 7.88% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a research note on Friday. TD Securities upped their target price on shares of Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a report on Friday. Scotiabank boosted their price target on shares of Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, National Bank Financial downgraded shares of Russel Metals from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$54.00 to C$56.00 in a research note on Friday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$54.42.

Russel Metals Trading Down 0.3%

Shares of TSE:RUS traded down C$0.12 on Friday, reaching C$46.81. 255,820 shares of the company traded hands, compared to its average volume of 212,841. The stock has a market capitalization of C$2.61 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 0.59 and a beta of 1.06. The business’s 50-day simple moving average is C$45.97 and its 200 day simple moving average is C$42.96. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. Russel Metals has a 52 week low of C$34.62 and a 52 week high of C$53.37.

Russel Metals (TSE:RUS) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.63 EPS for the quarter. The firm had revenue of C$1.17 billion during the quarter. Russel Metals had a net margin of 4.27% and a return on equity of 11.03%.

About Russel Metals

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.