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

Russel Metals Inc. (TSE:RUS) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$50.50.

RUS has been the topic of several research analyst reports. Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. Raymond James raised their price target on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. TD Securities lifted their price target on shares of Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Stifel Nicolaus increased their price objective on shares of Russel Metals from C$54.50 to C$57.00 in a research note on Friday, November 22nd.

Russel Metals Stock Performance

RUS opened at C$40.39 on Friday. 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 has a 52-week low of C$35.20 and a 52-week high of C$47.39. The firm has a market cap of C$2.37 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The business’s fifty day moving average is C$42.93 and its 200-day moving average is C$40.04.

Russel Metals (TSE:RUS) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The firm had revenue of C$1.09 billion for the quarter, compared to the consensus estimate of C$1.06 billion. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%.

Russel Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.16%. Russel Metals’s dividend payout ratio (DPR) is presently 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.