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

Russel Metals (TSE:RUS) had its target price increased by equities researchers at Stifel Nicolaus from C$54.50 to C$57.00 in a report released on Friday,BayStreet.CA reports. Stifel Nicolaus’ target price suggests a potential upside of 28.84% from the company’s previous close.

Several other analysts also recently commented on RUS. Raymond James boosted their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. TD Securities upped their price objective on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. National Bankshares cut their target price 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. Finally, Royal Bank of Canada boosted their price target on Russel Metals from C$43.00 to C$45.00 in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Russel Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of C$49.64.

Russel Metals Trading Up 1.5 %

Shares of TSE RUS opened at C$44.24 on Friday. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. Russel Metals has a one year low of C$35.20 and a one year high of C$47.39. The business has a 50-day moving average price of C$40.79 and a two-hundred day moving average price of C$38.93. The firm has a market capitalization of C$2.60 billion, a PE ratio of 12.90, 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 (EPS) for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The company had revenue of C$1.09 billion during the quarter, compared to analysts’ expectations of C$1.06 billion. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%.

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.