Russel Metals (TSE:RUS) Price Target Raised to C$54.00 at Scotiabank

Russel Metals (TSE:RUS) had its target price raised by Scotiabank from C$52.00 to C$54.00 in a report released on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently commented on RUS. Stifel Nicolaus cut Russel Metals from a “buy” rating to a “hold” rating and increased their target price for the company from C$49.00 to C$50.50 in a report on Friday, February 6th. Royal Bank Of Canada increased their price objective on Russel Metals from C$47.00 to C$51.00 in a research note on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Russel Metals currently has a consensus rating of “Moderate Buy” and an average price target of C$54.42.

Russel Metals Stock Up 0.4%

Russel Metals stock opened at C$47.12 on Friday. Russel Metals has a fifty-two week low of C$34.62 and a fifty-two week high of C$53.37. The firm has a market capitalization of C$2.62 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 0.59 and a beta of 1.06. The stock’s fifty day moving average is C$46.10 and its two-hundred day moving average is C$42.98. 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 (TSE:RUS) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.63 EPS for the quarter. Russel Metals had a net margin of 4.27% and a return on equity of 11.03%. The business had revenue of C$1.17 billion for the quarter.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 27th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.7%. Russel Metals’s payout ratio is currently 58.22%.

More Russel Metals News

Here are the key news stories impacting Russel Metals this week:

• Positive Sentiment: TD Securities raised its price target to C$57.00 and maintained a “buy” rating (≈21.6% upside vs. the cited reference price). This is one of the largest target increases and is a clear bullish catalyst. TD Securities raises target
• Positive Sentiment: Royal Bank of Canada raised its target to C$55.00 and kept an “outperform” rating (≈17.3% upside), reinforcing buy-side interest. RBC raises target
• Positive Sentiment: Scotiabank increased its target to C$54.00 and kept an “outperform” rating (≈15.2% upside), adding another institutional vote of confidence. Scotiabank raises target TickerReport item
• Neutral Sentiment: Stifel Nicolaus nudged its target to C$50.50 and kept a “hold” rating (≈7.7% upside). The smaller increase and neutral stance are less market-moving than the buy/outperform calls. Stifel updates target
• Negative Sentiment: National Bank Financial downgraded Russel Metals from “outperform” to “sector perform” despite raising its target to C$56.00. The downgrade introduces a cautionary note on forward relative performance even though the new target is higher. National Bank downgrades

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.