Russel Metals (TSE:RUS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Russel Metals (TSE:RUS) had its target price boosted by research analysts at Stifel Nicolaus from C$53.00 to C$54.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. Stifel Nicolaus’ target price indicates a potential upside of 28.78% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. National Bankshares reduced their price target on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada raised their target price on Russel Metals from C$43.00 to C$45.00 in a research note on Friday, November 8th. BMO Capital Markets decreased their price target on Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. Finally, TD Securities raised their price objective on shares of Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$49.29.

Russel Metals Trading Down 3.0 %

Shares of RUS opened at C$42.32 on Wednesday. Russel Metals has a fifty-two week low of C$35.20 and a fifty-two week high of C$47.39. The business has a 50-day moving average of C$39.98 and a 200 day moving average of C$38.78. The firm has a market cap of C$2.48 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85.

Russel Metals (TSE:RUS) last announced its quarterly 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). 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 for the quarter, compared to analysts’ expectations of C$1.06 billion.

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.