Russel Metals (TSE:RUS) Given New C$52.00 Price Target at TD Securities

Russel Metals (TSE:RUS) had its price target hoisted by TD Securities from C$50.00 to C$52.00 in a research report released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. Stifel Nicolaus raised their target price on shares of Russel Metals from C$55.50 to C$60.00 in a research note on Friday, February 14th. Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. Finally, Raymond James raised their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$51.21.

Russel Metals Trading Down 1.4 %

RUS opened at C$42.23 on Tuesday. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. The company’s 50 day simple moving average is C$41.94 and its two-hundred day simple moving average is C$40.85. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$46.87. The firm has a market capitalization of C$2.42 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Friday, February 28th. Russel Metals’s payout ratio is presently 54.12%.

Russel Metals Company Profile

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.