Russel Metals Inc. (RUS.TO) – What Are Analysts Saying About This Stock?

Russel Metals Inc. (TSE:RUS) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$84.78.

RUS has been the subject of several analyst reports. Scotiabank cut their target price on Russel Metals from C$113.00 to C$109.00 and set a “sector outperform” rating for the company in a research note on Monday, November 9th. TD set a C$94.00 target price on Russel Metals and gave the company a “buy” rating in a report on Monday, September 21st. Raymond James Financial upped their price target on Russel Metals from C$82.00 to C$92.00 and gave the company a “market perform” rating in a research report on Wednesday, October 21st. Stifel Nicolaus increased their price target on shares of Russel Metals from C$64.00 to C$85.00 and gave the stock a “hold” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada increased their price target on shares of Russel Metals from C$92.00 to C$107.00 in a report on Wednesday, September 30th.

Russel Metals Stock Performance

Shares of TSE RUS traded up C$0.56 during mid-day trading on Friday, hitting C$79.41. The company had a trading volume of 283,078 shares, compared to its average volume of 230,311. The company has a market capitalization of C$4.36 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 0.59 and a beta of 0.74. Russel Metals has a 1 year low of C$39.09 and a 1 year high of C$95.97. The company has a current ratio of 2.75, a quick ratio of 1.44 and a debt-to-equity ratio of 25.75. The stock’s 50-day moving average price is C$85.00 and its 200-day moving average price is C$65.17.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Wednesday, November 4th. The company reported C$2.67 earnings per share (EPS) for the quarter. Russel Metals had a return on equity of 18.02% and a net margin of 5.12%. The company had revenue of C$1.82 billion for the quarter.

Russel Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.76 annualized dividend and a yield of 2.2%. Russel Metals’s payout ratio is currently 31.18%.

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.