Russel Metals (TSE:RUS) Given New C$101.00 Price Target at National Bank Financial

Russel Metals (TSE:RUS) had its target price raised by National Bank Financial from C$75.00 to C$101.00 in a research note issued to investors on Thursday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 10.79% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus lifted their price objective on shares of Russel Metals from C$64.00 to C$85.00 and gave the company a “hold” rating in a research note on Monday, August 10th. Scotiabank set a C$113.00 target price on shares of Russel Metals and gave the stock a “sector outperform” rating in a research report on Thursday. TD set a C$94.00 target price on Russel Metals and gave the company a “buy” rating in a report on Monday, September 21st. Raymond James Financial cut Russel Metals from a “moderate buy” rating to a “hold” rating and boosted their price target for the stock from C$70.00 to C$82.00 in a research report on Monday, August 10th. Finally, Royal Bank Of Canada boosted their price target on Russel Metals from C$92.00 to C$107.00 in a research report on Wednesday, September 30th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$84.11.

Russel Metals Stock Down 0.8%

Shares of RUS traded down C$0.72 during midday trading on Thursday, reaching C$91.16. 148,373 shares of the stock were exchanged, compared to its average volume of 222,800. The firm has a 50 day simple moving average of C$80.63 and a 200-day simple moving average of C$66.78. Russel Metals has a 12-month low of C$39.09 and a 12-month high of C$95.97. The company has a market cap of C$5.01 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 0.59 and a beta of 0.95. The company has a quick ratio of 1.44, a current ratio of 2.61 and a debt-to-equity ratio of 27.88.

Russel Metals (TSE:RUS) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. The firm had revenue of C$1.66 billion for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 13.09%.

Insider Activity

In other news, insider Martin Leb Juravsky sold 5,682 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$80.40, for a total value of C$456,832.80. Following the completion of the sale, the insider directly owned 6,674 shares in the company, valued at approximately C$536,589.60. The trade was a 45.99% decrease in their ownership of the stock. Also, Director Brian Robie Hedges sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of C$81.54, for a total transaction of C$2,038,500.00. Insiders have sold a total of 33,682 shares of company stock valued at $2,735,333 over the last 90 days. 0.85% of the stock is currently owned by company insiders.

Russel Metals Company Profile

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.