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

Russel Metals Inc. (TSE:RUS) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$50.50.

Several equities research analysts have recently issued reports on RUS shares. Stifel Nicolaus lifted their target price on Russel Metals from C$54.50 to C$57.00 in a report on Friday, November 22nd. National Bankshares reduced their price objective on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Raymond James boosted their price objective on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. TD Securities boosted their price objective on 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. Finally, Royal Bank of Canada upgraded Russel Metals from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$45.00 to C$51.00 in a research report on Tuesday.

Russel Metals Price Performance

Shares of Russel Metals stock opened at C$45.18 on Thursday. The stock’s 50-day simple moving average is C$41.06 and its 200-day simple moving average is C$39.01. Russel Metals has a 52 week low of C$35.20 and a 52 week high of C$47.39. The company has a market capitalization of C$2.65 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 0.59 and a beta of 1.52. The company has a quick ratio of 1.44, a current ratio of 3.85 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 EPS for the quarter, missing the consensus estimate of C$0.61 by C($0.02). Russel Metals had a net margin of 4.87% and a return on equity of 12.67%. The business had revenue of C$1.09 billion during the quarter, compared to analysts’ expectations of C$1.06 billion.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.68 annualized dividend and a dividend yield of 3.72%. Russel Metals’s dividend payout ratio is presently 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.