Russel Metals Inc. (TSE:RUS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Russel Metals Inc. (TSE:RUSGet Free Report) has earned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$47.36.

RUS has been the topic of several research analyst reports. National Bank Financial upgraded Russel Metals from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Monday, December 4th. Royal Bank of Canada lifted their target price on Russel Metals from C$42.00 to C$47.00 in a report on Tuesday, December 19th. BMO Capital Markets lifted their target price on Russel Metals from C$41.00 to C$44.00 in a report on Monday, December 11th. Stifel Nicolaus lifted their target price on Russel Metals from C$48.00 to C$56.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, Raymond James lifted their target price on Russel Metals from C$47.00 to C$50.00 in a report on Wednesday, December 20th.

View Our Latest Analysis on Russel Metals

Russel Metals Price Performance

Shares of Russel Metals stock opened at C$44.18 on Friday. The stock’s 50-day simple moving average is C$42.71 and its 200-day simple moving average is C$39.39. Russel Metals has a 52 week low of C$31.24 and a 52 week high of C$45.44. The company has a market capitalization of C$2.69 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 0.59 and a beta of 1.51. The company has a quick ratio of 1.44, a current ratio of 3.93 and a debt-to-equity ratio of 25.29.

Russel Metals (TSE:RUSGet Free Report) last announced its quarterly earnings data on Wednesday, November 8th. The company reported C$0.99 EPS for the quarter, beating the consensus estimate of C$0.91 by C$0.08. Russel Metals had a return on equity of 17.31% and a net margin of 6.05%. The business had revenue of C$1.11 billion for the quarter, compared to the consensus estimate of C$1.12 billion. As a group, analysts expect that Russel Metals will post 3.9781022 earnings per share for the current fiscal year.

Russel Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $1.60 annualized dividend and a yield of 3.62%. Russel Metals’s payout ratio is currently 35.71%.

Insiders Place Their Bets

In other Russel Metals news, Director Cynthia Johnston bought 1,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were purchased at an average price of C$41.91 per share, with a total value of C$41,910.00. In other Russel Metals news, Director Cynthia Johnston bought 1,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were purchased at an average price of C$41.91 per share, with a total value of C$41,910.00. Also, Director William Michael O’reilly sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of C$45.01, for a total value of C$49,513.97. 0.81% of the stock is currently owned by insiders.

Russel Metals Company Profile

(Get Free Report

Russel Metals Inc operates as a metal distribution company in Canada and the United States. It operates through Metals Service Centers, Energy Field Stores, and Steel Distributors segments. 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.

Further Reading

Analyst Recommendations for Russel Metals (TSE:RUS)

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