Russel Metals Inc. (TSE:RUS) Receives C$51.21 Consensus PT from Brokerages

Russel Metals Inc. (TSE:RUS) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$51.21.

A number of brokerages have recently issued reports on RUS. Stifel Nicolaus raised their price objective on Russel Metals from C$55.50 to C$60.00 in a research note on Friday, February 14th. TD Securities raised their price target on Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th.

Russel Metals Trading Up 0.8 %

Shares of RUS opened at C$39.62 on Wednesday. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. Russel Metals has a fifty-two week low of C$35.20 and a fifty-two week high of C$46.87. The firm has a 50 day moving average price of C$40.81 and a 200-day moving average price of C$41.30. The firm has a market cap of C$2.27 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.59 and a beta of 1.52.

Russel Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.68 annualized dividend and a dividend yield of 4.24%. Russel Metals’s dividend payout ratio (DPR) is presently 54.12%.

Insider Activity at Russel Metals

In other Russel Metals news, Director Brian Robie Hedges sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total value of C$211,600.00. 0.85% of the stock is owned by corporate insiders.

Russel Metals Company Profile

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.