Russel Metals Inc. (TSE:RUS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Russel Metals Inc. (TSE:RUS) have earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$50.50.

Several research firms have recently commented on RUS. TD Securities boosted their price target on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$45.00 to C$51.00 in a research report on Tuesday, November 26th. Stifel Nicolaus raised their price target on shares of Russel Metals from C$54.50 to C$57.00 in a report on Friday, November 22nd. Finally, Raymond James boosted their price objective on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th.

Russel Metals Stock Performance

RUS stock opened at C$42.54 on Monday. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$47.39. The business has a 50-day moving average price of C$42.50 and a 200 day moving average price of C$39.66. The company has a market capitalization of C$2.50 billion, a P/E ratio of 12.40, a PEG ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44.

Russel Metals (TSE:RUS) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.02). The business had revenue of C$1.09 billion during the quarter, compared to analysts’ expectations of C$1.06 billion. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%.

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.68 dividend on an annualized basis and a yield of 3.95%. Russel Metals’s dividend payout ratio (DPR) is 48.98%.

About Russel Metals

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.