Russel Metals (TSE:RUS) Price Target Lowered to C$27.00 at Raymond James

Russel Metals (TSE:RUS) had its target price trimmed by Raymond James from C$31.00 to C$27.00 in a research report released on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also weighed in on the stock. BMO Capital Markets restated a hold rating on shares of Russel Metals in a report on Thursday, July 4th. Royal Bank of Canada upped their target price on shares of Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the stock an outperform rating in a report on Tuesday, July 16th.

RUS opened at C$20.60 on Thursday. The company has a quick ratio of 1.10, a current ratio of 2.75 and a debt-to-equity ratio of 71.81. Russel Metals has a fifty-two week low of C$19.72 and a fifty-two week high of C$30.99. The firm has a market cap of $1.28 billion and a price-to-earnings ratio of 5.97. The stock has a 50-day simple moving average of C$21.59.

Russel Metals (TSE:RUS) last posted its earnings results on Tuesday, May 7th. The company reported C$0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.55. The business had revenue of C$1.03 billion during the quarter. Sell-side analysts predict that Russel Metals will post 2.5099999 earnings per share for the current fiscal year.

About Russel Metals

Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.

See Also: What does a hold rating mean?

Receive News & Ratings for Russel Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Russel Metals and related companies with MarketBeat.com's FREE daily email newsletter.