Russel Metals (TSE:RUS) Stock Rating Lowered by Stifel Nicolaus

Russel Metals (TSE:RUS) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Friday,BayStreet.CA reports. They presently have a C$50.50 price target on the stock, up from their prior price target of C$49.00. Stifel Nicolaus’ target price would indicate a potential upside of 2.62% from the stock’s current price.

A number of other equities research analysts also recently commented on RUS. Royal Bank Of Canada increased their price objective on Russel Metals from C$47.00 to C$51.00 in a research report on Wednesday, January 14th. National Bankshares boosted their target price on Russel Metals from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, Scotiabank increased their price target on Russel Metals from C$48.00 to C$52.00 in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$52.25.

Russel Metals Price Performance

TSE:RUS traded down C$0.11 during mid-day trading on Friday, reaching C$49.21. 109,817 shares of the stock were exchanged, compared to its average volume of 184,674. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. The business has a fifty day moving average price of C$45.10 and a 200 day moving average price of C$42.79. Russel Metals has a 1-year low of C$34.62 and a 1-year high of C$50.87. The firm has a market capitalization of C$2.74 billion, a PE ratio of 16.85, a PEG ratio of 0.59 and a beta of 1.06.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.63 earnings per share (EPS) for the quarter. Russel Metals had a net margin of 4.27% and a return on equity of 11.03%. The company had revenue of C$1.17 billion for 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.