Russel Metals (TSE:RUS – Get Free Report) had its price objective cut by Scotiabank from C$50.00 to C$48.50 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 22.38% from the stock’s current price.
A number of other brokerages have also recently issued reports on RUS. TD Securities increased their target price on shares of Russel Metals from C$43.00 to C$48.00 and gave the company a “hold” rating in a report on Monday, February 12th. Raymond James raised their price objective on Russel Metals from C$47.00 to C$50.00 in a research note on Wednesday, December 20th. BMO Capital Markets boosted their target price on Russel Metals from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Stifel Nicolaus dropped their price target on Russel Metals from C$56.00 to C$55.50 in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada boosted their price objective on shares of Russel Metals from C$42.00 to C$47.00 in a research report on Tuesday, December 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$48.29.
Read Our Latest Stock Analysis on Russel Metals
Russel Metals Stock Performance
Russel Metals (TSE:RUS – Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported C$0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.72 by C$0.06. The firm had revenue of C$1.02 billion during the quarter, compared to analysts’ expectations of C$1.06 billion. Russel Metals had a return on equity of 16.67% and a net margin of 5.92%. On average, equities analysts forecast that Russel Metals will post 3.7672493 EPS for the current year.
About Russel Metals
Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.
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