Royal Bank of Canada Raises Russel Metals (TSE:RUS) Price Target to C$45.00

Russel Metals (TSE:RUS) had its target price boosted by analysts at Royal Bank of Canada from C$43.00 to C$45.00 in a research note issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective suggests a potential upside of 6.64% from the company’s previous close.

A number of other research analysts have also weighed in on RUS. Stifel Nicolaus decreased their target price on shares of Russel Metals from C$55.00 to C$52.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. TD Securities raised Russel Metals from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$44.00 to C$46.00 in a research note on Monday, September 16th. BMO Capital Markets dropped their target price on Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. Finally, National Bankshares reduced their price target on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Russel Metals presently has an average rating of “Moderate Buy” and a consensus price target of C$47.21.

Russel Metals Stock Down 3.6 %

Shares of RUS opened at C$42.20 on Friday. The stock has a 50 day moving average price of C$39.54 and a 200 day moving average price of C$38.69. Russel Metals has a one year low of C$35.20 and a one year high of C$47.39. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. The stock has a market capitalization of C$2.48 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last issued its earnings results on Wednesday, November 6th. The company reported C$0.59 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 Company Profile

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.