Russel Metals Inc. (TSE:RUS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Russel Metals Inc. (TSE:RUS) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$51.21.

RUS has been the topic of several analyst reports. Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th. Stifel Nicolaus raised their target price on Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. TD Securities raised their target price on Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Raymond James raised their target price on Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th.

Russel Metals Stock Down 0.4 %

Russel Metals stock opened at C$41.03 on Friday. The firm has a market cap of C$2.35 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. Russel Metals has a 52 week low of C$35.20 and a 52 week high of C$46.87. The business’s 50-day moving average price is C$41.56 and its 200 day moving average price is C$40.94. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.09%. The ex-dividend date is Friday, February 28th. Russel Metals’s payout ratio is currently 54.12%.

Insider Buying and Selling at Russel Metals

In other news, Director Brian Robie Hedges sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$42.32, for a total value of C$211,600.00. 0.85% of the stock is owned by corporate insiders.

About Russel Metals

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.