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

Russel Metals Inc. (TSE:RUS) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, 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 12-month target price among analysts that have issued a report on the stock in the last year is C$50.21.

A number of equities research analysts have weighed in on RUS shares. TD Securities lifted their price target on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus cut their price target on Russel Metals from C$57.00 to C$55.00 in a research note on Monday. Raymond James lifted their price objective on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada upgraded Russel Metals from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th.

Russel Metals Stock Performance

Shares of TSE RUS opened at C$41.09 on Tuesday. Russel Metals has a 1 year low of C$35.20 and a 1 year 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 firm has a market cap of C$2.41 billion, a P/E ratio of 11.98, a PEG ratio of 0.59 and a beta of 1.52. The stock has a fifty day moving average price of C$42.75 and a two-hundred day moving average price of C$40.55.

Russel Metals (TSE:RUS) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share (EPS) 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 firm had revenue of C$1.09 billion for the quarter, compared to analyst estimates of C$1.06 billion.

Russel Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Wednesday, November 27th. Russel Metals’s dividend payout ratio is presently 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.