Russel Metals (TSE:RUS) Price Target Raised to C$52.00

Russel Metals (TSE:RUS) had its price target upped by research analysts at National Bank Financial from C$51.00 to C$52.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential downside of 7.83% from the company’s previous close.

RUS has been the topic of a number of other research reports. Royal Bank Of Canada lifted their target price on Russel Metals from C$55.00 to C$63.00 and gave the company an “outperform” rating in a research report on Thursday. TD Securities upped their price objective on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Friday, February 13th. Scotia upped their price target on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a research note on Thursday. TD raised their price objective on shares of Russel Metals from C$57.00 to C$63.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Raymond James Financial increased their target price on Russel Metals from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$58.94.

Russel Metals Trading Down 0.7%

Shares of TSE:RUS traded down C$0.41 during mid-day trading on Thursday, reaching C$56.42. The stock had a trading volume of 170,958 shares, compared to its average volume of 209,589. The firm has a market cap of C$3.10 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. The firm has a 50 day simple moving average of C$48.97 and a two-hundred day simple moving average of C$45.86. The company has a current ratio of 3.06, a quick ratio of 1.44 and a debt-to-equity ratio of 30.44. Russel Metals has a twelve month low of C$39.09 and a twelve month high of C$58.69.

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

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.