TD Analysts Give Russel Metals (TSE:RUS) a C$94.00 Price Target

TD set a C$94.00 price target on Russel Metals (TSE:RUS) in a research report released on Monday morning,BayStreet reports. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus lifted their price target 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. Royal Bank Of Canada boosted their price target on shares of Russel Metals from C$68.00 to C$92.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Raymond James Financial downgraded Russel Metals from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$70.00 to C$82.00 in a research note on Monday, August 10th. Scotiabank increased their target price on Russel Metals from C$76.00 to C$89.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 11th. Finally, National Bank Financial raised their price target on shares of Russel Metals from C$57.00 to C$75.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Russel Metals currently has a consensus rating of “Moderate Buy” and an average price target of C$76.89.

Russel Metals Stock Performance

TSE:RUS opened at C$83.20 on Monday. Russel Metals has a fifty-two week low of C$39.09 and a fifty-two week high of C$84.20. The company has a market cap of C$4.57 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 0.59 and a beta of 1.28. The company has a debt-to-equity ratio of 27.88, a quick ratio of 1.44 and a current ratio of 2.61. The stock has a fifty day moving average price of C$74.40 and a 200-day moving average price of C$62.29.

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

Russel Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.76 annualized dividend and a dividend yield of 2.1%. Russel Metals’s payout ratio is 44.13%.

Insider Transactions at Russel Metals

In other Russel Metals news, Director Brian Robie Hedges sold 25,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$81.54, for a total value of C$2,038,500.00. Also, Director James Francis Dinning sold 3,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of C$80.00, for a total value of C$240,000.00. Following the completion of the sale, the director directly owned 16,250 shares in the company, valued at C$1,300,000. This trade represents a 15.58% decrease in their ownership of the stock. In the last quarter, insiders sold 33,682 shares of company stock valued at $2,735,333. Corporate insiders own 0.85% of the company’s stock.

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.