Russel Metals (TSE:RUS) Price Target Raised to C$56.00

Russel Metals (TSE:RUS) had its price target boosted by BMO Capital Markets from C$51.00 to C$56.00 in a report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential downside of 1.84% from the stock’s current price.

Other equities analysts have also issued reports about the company. National Bank Financial lowered their target price on Russel Metals from C$56.00 to C$51.00 and set a “sector perform” rating for the company in a report on Wednesday, April 8th. Stifel Nicolaus upped their target price on Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a report on Friday, February 13th. Scotiabank upped their target price on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a report on Friday, February 13th. TD upped their target price on Russel Metals from C$57.00 to C$63.00 and gave the company a “buy” rating in a report on Tuesday. Finally, TD Securities upped their target price on Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Friday, February 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Russel Metals presently has a consensus rating of “Moderate Buy” and an average price target of C$55.06.

Russel Metals Stock Performance

Shares of TSE:RUS traded up C$3.57 during trading on Wednesday, hitting C$57.05. 299,590 shares of the company traded hands, compared to its average volume of 207,866. The stock has a market capitalization of C$3.14 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 0.59 and a beta of 0.95. The business’s fifty day moving average is C$48.79 and its 200-day moving average is C$45.75. Russel Metals has a one year low of C$39.09 and a one year high of C$58.15. The company has a quick ratio of 1.44, a current ratio of 3.06 and a debt-to-equity ratio of 30.44.

Russel Metals (TSE:RUS) last posted its earnings results on Tuesday, May 5th. The company reported C$1.30 EPS for the quarter. The company had revenue of C$1.42 billion during the quarter. Russel Metals had a return on equity of 10.44% and a net margin of 3.64%.

Russel Metals Company Profile

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.