Russel Metals (TSE:RUS – Get Free Report) had its price target raised by TD Securities from C$46.00 to C$50.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 15.82% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Stifel Nicolaus cut their price objective on Russel Metals from C$55.00 to C$52.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada raised their price objective on Russel Metals from C$43.00 to C$45.00 in a research note on Friday. BMO Capital Markets reduced their price target on shares of Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. Finally, National Bankshares decreased their price objective on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$47.79.
Check Out Our Latest Research Report on RUS
Russel Metals Trading Down 0.0 %
Russel Metals (TSE:RUS – Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 EPS for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The firm had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%.
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.
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