Russel Metals (TSE:RUS) Given New C$55.00 Price Target at Stifel Nicolaus

Russel Metals (TSE:RUS) had its target price reduced by Stifel Nicolaus from C$57.00 to C$55.00 in a report issued on Monday,BayStreet.CA reports.

A number of other research firms have also recently commented on RUS. 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. TD Securities increased their price objective on shares of Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$50.21.

Russel Metals Trading Up 1.5 %

Russel Metals stock opened at C$41.00 on Monday. The business’s fifty day moving average is C$42.62 and its 200 day moving average is C$40.62. Russel Metals has a one year low of C$35.20 and a one year high of C$47.39. The stock has a market capitalization of C$2.41 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44.

Russel Metals (TSE:RUS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share (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 business 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 company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.10%. Russel Metals’s dividend payout ratio is currently 48.98%.

Russel Metals Company Profile

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.