Russel Metals (TSE:RUS) Price Target Raised to C$57.00 at Stifel Nicolaus

Russel Metals (TSE:RUS) had its price target raised by Stifel Nicolaus from C$54.50 to C$57.00 in a report released on Friday,BayStreet.CA reports.

A number of other research analysts have also recently commented on the stock. TD Securities raised their price target on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada raised their target price on Russel Metals from C$43.00 to C$45.00 in a research report on Friday, November 8th. National Bankshares lowered their price target on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Raymond James increased their price objective on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$49.64.

Russel Metals Stock Performance

Shares of TSE RUS opened at C$44.24 on Friday. The firm has a market capitalization of C$2.60 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.59 and a beta of 1.52. Russel Metals has a one year low of C$35.20 and a one year high of C$47.39. The business has a fifty day simple moving average of C$40.64 and a 200 day simple moving average of C$38.90. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The business had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

Russel Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.68 annualized dividend and a yield of 3.80%. Russel Metals’s payout ratio is 48.98%.

About Russel Metals

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.