Russel Metals (TSE:RUS) Price Target Raised to C$113.00

Russel Metals (TSE:RUS) had its price target raised by Scotiabank from C$89.00 to C$113.00 in a research note released on Monday,BayStreet reports. They currently have a sector outperform rating on the stock.

Several other equities research analysts have also issued reports on the stock. Raymond James Financial lowered shares of Russel Metals from a “moderate buy” rating to a “hold” rating and raised their price target for the stock from C$70.00 to C$82.00 in a research note on Monday, August 10th. Stifel Nicolaus upped their price objective on Russel Metals from C$64.00 to C$85.00 and gave the company a “hold” rating in a research note on Monday, August 10th. National Bank Financial increased their price objective on Russel Metals from C$57.00 to C$75.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. TD set a C$94.00 target price on Russel Metals and gave the stock a “buy” rating in a research report on Monday, September 21st. Finally, Royal Bank Of Canada boosted their target price on Russel Metals from C$92.00 to C$107.00 in a research note on Wednesday, September 30th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$81.22.

Russel Metals Price Performance

RUS opened at C$88.27 on Monday. The firm has a market cap of C$4.85 billion, a P/E ratio of 22.52, a PEG ratio of 0.59 and a beta of 0.95. The firm has a 50-day moving average of C$78.43 and a 200 day moving average of C$65.27. The company has a debt-to-equity ratio of 27.88, a quick ratio of 1.44 and a current ratio of 2.61. Russel Metals has a fifty-two week low of C$39.09 and a fifty-two week high of C$95.97.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.63 EPS for the quarter. The business had revenue of C$1.66 billion for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 13.09%.

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were paid a $0.44 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.76 annualized dividend and a yield of 2.0%. Russel Metals’s dividend payout ratio is currently 44.13%.

Insider Activity

In related news, Director James Francis Dinning sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of C$80.00, for a total transaction of C$240,000.00. Following the completion of the transaction, the director directly owned 16,250 shares in the company, valued at C$1,300,000. The trade was a 15.58% decrease in their ownership of the stock. Also, insider Martin Leb Juravsky sold 5,682 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of C$80.40, for a total value of C$456,832.80. Following the transaction, the insider owned 6,674 shares of the company’s stock, valued at approximately C$536,589.60. The trade was a 45.99% decrease in their ownership of the stock. Insiders sold 33,682 shares of company stock worth $2,735,333 in the last three months. Corporate insiders own 0.85% of the company’s stock.

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.