Russel Metals Inc. (TSE:RUS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Russel Metals Inc. (TSE:RUS) have earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$51.21.

A number of research firms have recently commented on RUS. Raymond James upped their price objective on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. Stifel Nicolaus upped their price objective on shares of Russel Metals from C$55.50 to C$60.00 in a research note on Friday, February 14th. Finally, TD Securities upped their price objective on shares of Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th.

Russel Metals Price Performance

RUS stock opened at C$40.22 on Friday. The company has a 50 day simple moving average of C$41.44 and a 200 day simple moving average of C$40.98. The stock has a market cap of C$2.30 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 0.59 and a beta of 1.52. Russel Metals has a 1 year low of C$35.20 and a 1 year high of C$46.87. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44.

Russel Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, February 28th. Russel Metals’s dividend payout ratio is presently 54.12%.

Insider Activity at Russel Metals

In other news, Director Brian Robie Hedges sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total value of C$211,600.00. 0.85% of the stock is currently owned by insiders.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.