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

Russel Metals Inc. (TSE:RUS) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$51.21.

Several equities analysts have recently commented on RUS shares. TD Securities increased their price target on shares of Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Stifel Nicolaus lifted their target price on Russel Metals from C$55.50 to C$60.00 in a research report on Friday, February 14th.

Russel Metals Trading Up 0.2 %

TSE RUS opened at C$39.31 on Wednesday. The company’s fifty day moving average price is C$40.90 and its two-hundred day moving average price is C$41.26. The company has a market capitalization of C$2.25 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. Russel Metals has a 12 month low of C$35.20 and a 12 month 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 business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Friday, February 28th. Russel Metals’s dividend payout ratio (DPR) is 54.12%.

Insider Activity at Russel Metals

In other news, Director Brian Robie Hedges sold 5,000 shares of the company’s 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. Insiders own 0.85% of the company’s stock.

Russel Metals Company Profile

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.