Scotiabank Reiterates C$113.00 Price Target for Russel Metals (TSE:RUS)

Scotiabank set a C$113.00 target price on Russel Metals (TSE:RUS) in a research report sent to investors on Thursday morning,BayStreet reports. The firm currently has a sector outperform rating on the stock. Scotiabank also issued estimates for Russel Metals’ FY2026 earnings at $4.40 EPS and FY2027 earnings at $4.69 EPS.

Other analysts have also issued reports about the company. Raymond James Financial lowered Russel Metals from a “moderate buy” rating to a “hold” rating and raised their price objective for the company from C$70.00 to C$82.00 in a research note on Monday, August 10th. Royal Bank Of Canada lifted their target price on Russel Metals from C$92.00 to C$107.00 in a research report on Wednesday, September 30th. Stifel Nicolaus boosted their target price on Russel Metals from C$64.00 to C$85.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. TD set a C$94.00 price target on shares of Russel Metals and gave the company a “buy” rating in a report on Monday, September 21st. Finally, National Bank Financial upped their price objective on shares of Russel Metals from C$57.00 to C$75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$84.11.

Russel Metals Trading Down 0.5%

Shares of RUS stock opened at C$91.08 on Thursday. The stock’s fifty day moving average price is C$81.26 and its two-hundred day moving average price is C$67.26. The company has a market cap of C$5.00 billion, a PE ratio of 23.23, a P/E/G ratio of 0.59 and a beta of 0.95. Russel Metals has a fifty-two week low of C$39.09 and a fifty-two week high of C$95.97. 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 (TSE:RUS) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share (EPS) for the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%. The company had revenue of C$1.66 billion for the quarter.

Russel Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were issued a $0.44 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.76 annualized dividend and a yield of 1.9%. Russel Metals’s dividend payout ratio is presently 44.13%.

Insider Buying and Selling at Russel Metals

In other news, Director Brian Robie Hedges purchased 1,000 shares of the stock in a transaction on Thursday, August 13th. The stock was purchased at an average price of C$80.48 per share, for a total transaction of C$80,480.00. Following the acquisition, the director owned 1,000 shares in the company, valued at C$80,480. This trade represents a ∞ increase in their ownership of the stock. Also, Director James Francis Dinning sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 16,250 shares of the company’s stock, valued at approximately C$1,300,000. The trade was a 15.58% decrease in their position. In the last 90 days, insiders sold 33,682 shares of company stock valued at $2,735,333. 0.85% of the stock is currently owned by company insiders.

About Russel Metals

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.