Russel Metals (TSE:RUS) Price Target Cut to C$55.00 by Analysts at Stifel Nicolaus

Russel Metals (TSE:RUS) had its target price trimmed by Stifel Nicolaus from C$57.00 to C$55.00 in a research note published on Monday morning,BayStreet.CA reports.

Other equities analysts have also issued reports about the company. Raymond James increased their price target on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. TD Securities upped their price objective on Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada upgraded Russel Metals from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$45.00 to C$51.00 in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Russel Metals presently has an average rating of “Moderate Buy” and an average price target of C$50.21.

Russel Metals Stock Performance

TSE RUS opened at C$41.09 on Monday. The business has a 50-day moving average price of C$42.75 and a 200-day moving average price of C$40.55. Russel Metals has a twelve month low of C$35.20 and a twelve month high of C$47.39. The firm has a market cap of C$2.41 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company has a quick ratio of 1.44, a current ratio of 3.85 and a debt-to-equity ratio of 16.88.

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 firm had revenue of C$1.09 billion for the quarter, compared to the consensus estimate of C$1.06 billion.

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 $0.42 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.68 annualized dividend and a dividend yield of 4.09%. Russel Metals’s payout ratio is 48.98%.

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.