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

Russel Metals Inc. (TSE:RUS) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$49.29.

A number of equities research analysts have recently issued reports on RUS shares. 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 report on Tuesday, November 12th. Stifel Nicolaus boosted their price objective on Russel Metals from C$53.00 to C$54.50 in a report on Wednesday, November 13th. National Bankshares reduced their price objective on 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. Raymond James lifted their price target on shares of Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. Finally, BMO Capital Markets dropped their price target on shares of Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th.

Russel Metals Trading Up 0.5 %

Russel Metals stock opened at C$43.31 on Thursday. Russel Metals has a 52 week low of C$35.20 and a 52 week 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$2.54 billion, a P/E ratio of 12.63, a PEG ratio of 0.59 and a beta of 1.52. The stock has a 50-day simple moving average of C$40.50 and a 200 day simple moving average of C$38.87.

Russel Metals (TSE:RUS) last posted 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 return on equity of 12.67% and a net margin of 4.87%. The business had revenue of C$1.09 billion for the quarter, compared to the consensus estimate of C$1.06 billion.

Russel Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.68 annualized dividend and a yield of 3.88%. Russel Metals’s dividend payout ratio is currently 48.98%.

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.