Russel Metals (TSE:RUS) Price Target Raised to C$55.00

Russel Metals (TSE:RUS) had its price objective lifted by equities research analysts at Royal Bank Of Canada from C$51.00 to C$55.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 17.50% from the company’s current price.

A number of other brokerages also recently commented on RUS. TD Securities lifted their target price on shares of Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus downgraded shares of Russel Metals from a “buy” rating to a “hold” rating and lifted their target price for the company from C$49.00 to C$50.50 in a report on Friday, February 6th. Scotiabank upped their price target on Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, National Bank Financial cut Russel Metals from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$54.00 to C$56.00 in a research note on Friday. Four 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, the stock has an average rating of “Moderate Buy” and an average price target of C$54.42.

Russel Metals Price Performance

Shares of RUS stock traded down C$0.12 during trading hours on Friday, hitting C$46.81. 255,820 shares of the company’s stock were exchanged, compared to its average volume of 212,841. Russel Metals has a fifty-two week low of C$34.62 and a fifty-two week high of C$53.37. The firm has a market cap of C$2.61 billion, a P/E ratio of 16.03, a P/E/G ratio of 0.59 and a beta of 1.06. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. The firm has a 50 day moving average of C$45.97 and a two-hundred day moving average of C$42.96.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.63 earnings per share 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 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.