Russel Metals (TSE:RUS) Price Target Raised to C$75.00 at National Bank Financial

Russel Metals (TSE:RUS) had its price target raised by stock analysts at National Bank Financial from C$57.00 to C$75.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential downside of 8.17% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. Scotia increased their price objective on shares of Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 7th. TD boosted their target price on shares of Russel Metals from C$63.00 to C$68.00 and gave the company a “buy” rating in a report on Monday, May 11th. BMO Capital Markets upped their price target on shares of Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. Raymond James Financial downgraded shares of Russel Metals from an “outperform” rating to a “market perform” rating and increased their price target for the stock from C$70.00 to C$82.00 in a research note on Monday. Finally, Stifel Nicolaus lifted their price target on shares of Russel Metals from C$64.00 to C$85.00 and gave the company a “hold” rating in a report on Monday. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$70.11.

Russel Metals Trading Up 0.9%

Russel Metals stock traded up C$0.71 during trading on Monday, hitting C$81.67. The company’s stock had a trading volume of 197,415 shares, compared to its average volume of 231,029. The stock has a market capitalization of C$4.48 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 0.59 and a beta of 1.21. The stock’s fifty day moving average is C$64.91 and its 200 day moving average is C$55.68. Russel Metals has a 1-year low of C$39.09 and a 1-year high of C$81.72. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86.

Russel Metals (TSE:RUS) last released its earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. Russel Metals had a return on equity of 12.22% and a net margin of 4.04%.The firm had revenue of C$1.66 billion for the quarter.

Insider Transactions at Russel Metals

In related news, Director James Francis Dinning sold 2,500 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of C$62.10, for a total transaction of C$155,250.00. Following the completion of the sale, the director owned 19,250 shares of the company’s stock, valued at approximately C$1,195,425. This represents a 11.49% decrease in their position. Also, insider John Gregory Reid sold 28,935 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of C$58.62, for a total transaction of C$1,696,169.70. Following the completion of the transaction, the insider owned 306,147 shares in the company, valued at C$17,946,337.14. The trade was a 8.64% decrease in their position. Over the last quarter, insiders sold 58,935 shares of company stock valued at $3,575,645. 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.