Russel Metals Inc. (TSE:RUS) Receives C$47.64 Average Target Price from Analysts

Russel Metals Inc. (TSE:RUS) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$47.64.

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Russel Metals from C$55.50 to C$54.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Raymond James reduced their target price on shares of Russel Metals from C$52.00 to C$48.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. TD Securities reduced their target price on shares of Russel Metals from C$48.00 to C$45.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Scotiabank cut their price target on shares of Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 17th. Finally, BMO Capital Markets raised their price target on shares of Russel Metals from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th.

Russel Metals Trading Down 0.1 %

Shares of TSE:RUS opened at C$39.06 on Friday. The company has a market cap of C$2.35 billion, a P/E ratio of 9.02, a P/E/G ratio of 0.59 and a beta of 1.54. The stock’s 50-day moving average is C$42.34 and its 200-day moving average is C$41.98. Russel Metals has a 52-week low of C$33.38 and a 52-week high of C$47.39. The company has a debt-to-equity ratio of 25.76, a quick ratio of 1.44 and a current ratio of 4.14.

Russel Metals (TSE:RUS) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.72 by C$0.06. Russel Metals had a return on equity of 16.67% and a net margin of 5.92%. The company had revenue of C$1.02 billion for the quarter, compared to the consensus estimate of C$1.06 billion. Equities research analysts predict that Russel Metals will post 3.5926623 earnings per share for the current year.

Russel Metals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, June 14th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.30%. This is a boost from Russel Metals’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, May 29th. Russel Metals’s dividend payout ratio (DPR) is currently 36.95%.

Russel Metals Company Profile

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.