Russel Metals Inc. (TSE:RUS) Receives C$47.36 Consensus Target Price from Analysts

Russel Metals Inc. (TSE:RUS) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$47.36.

A number of brokerages have recently issued reports on RUS. TD Securities cut their price target on shares of Russel Metals from C$48.00 to C$45.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Raymond James reduced their target price on Russel Metals from C$52.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. National Bankshares lowered their price target on Russel Metals from C$48.00 to C$47.00 and set an “outperform” rating for the company in a report on Tuesday, July 16th. Scotiabank cut their price objective on Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating for the company in a research report on Wednesday, April 17th. Finally, Stifel Nicolaus decreased their target price on shares of Russel Metals from C$55.50 to C$54.00 and set a “buy” rating on the stock in a research report on Friday, April 19th.

Russel Metals Stock Up 0.9 %

Shares of TSE:RUS opened at C$38.98 on Friday. Russel Metals has a 52-week low of C$33.38 and a 52-week high of C$47.39. The stock has a market cap of C$2.34 billion, a P/E ratio of 9.84, a PEG ratio of 0.59 and a beta of 1.57. The business has a fifty day moving average of C$37.64 and a two-hundred day moving average of C$41.13. The company has a quick ratio of 1.44, a current ratio of 4.37 and a debt-to-equity ratio of 25.43.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.80 by C$0.02. Russel Metals had a net margin of 5.54% and a return on equity of 14.72%. The firm had revenue of C$1.06 billion during the quarter, compared to analyst estimates of C$1.16 billion. On average, research analysts expect that Russel Metals will post 3.5267452 earnings per share for the current year.

Russel Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were paid a dividend of $0.42 per share. This is an increase from Russel Metals’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 4.31%. The ex-dividend date was Wednesday, May 29th. Russel Metals’s dividend payout ratio is presently 42.42%.

Insiders Place Their Bets

In other news, Director Stewart Burton bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were purchased at an average cost of C$36.35 per share, for a total transaction of C$109,050.00. Insiders own 0.81% of the company’s stock.

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.