Russel Metals (TSE:RUS) Stock Price Expected to Rise, Raymond James Analyst Says

Russel Metals (TSE:RUS) had its price target increased by stock analysts at Raymond James from C$50.00 to C$56.00 in a report issued on Wednesday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 32.33% from the company’s current price. Raymond James also issued estimates for Russel Metals’ Q4 2024 earnings at $0.62 EPS, FY2024 earnings at $3.05 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.16 EPS, Q4 2025 earnings at $0.86 EPS and FY2025 earnings at $4.25 EPS.

A number of other research firms have also recently commented on RUS. BMO Capital Markets decreased their target price on shares of Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. TD Securities lifted their target price on shares of Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a research note on Tuesday. National Bankshares dropped their target price on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada increased their price objective on shares of Russel Metals from C$43.00 to C$45.00 in a report on Friday, November 8th. Finally, Stifel Nicolaus raised their target price on shares of Russel Metals from C$53.00 to C$54.50 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$49.29.

Russel Metals Stock Down 3.0 %

RUS opened at C$42.32 on Wednesday. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$47.39. The firm’s 50 day simple moving average is C$39.98 and its two-hundred day simple moving average is C$38.78. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. The company has a market capitalization of C$2.48 billion, a PE ratio of 12.34, a PEG ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last released its earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share 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 company had revenue of C$1.09 billion for the quarter, compared to analysts’ expectations of C$1.06 billion.

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.