Russel Metals (TSE:RUS) Given New C$55.00 Price Target at Stifel Nicolaus

Russel Metals (TSE:RUS) had its price target lowered by equities research analysts at Stifel Nicolaus from C$57.00 to C$55.00 in a report released on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective suggests a potential upside of 34.87% from the stock’s previous close.

A number of other analysts have also issued reports on the company. 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 note on Tuesday, November 12th. Raymond James upped their target price on Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$45.00 to C$51.00 in a research report on Tuesday, November 26th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$50.21.

Russel Metals Stock Up 0.3 %

Shares of TSE RUS traded up C$0.11 on Monday, hitting C$40.78. The company had a trading volume of 193,422 shares, compared to its average volume of 138,209. The company has a quick ratio of 1.44, a current ratio of 3.85 and a debt-to-equity ratio of 16.88. Russel Metals has a 12-month low of C$35.20 and a 12-month high of C$47.39. The firm has a market capitalization of C$2.39 billion, a P/E ratio of 11.89, a PEG ratio of 0.59 and a beta of 1.52. The business has a 50 day moving average of C$42.80 and a two-hundred day moving average of C$40.52.

Russel Metals (TSE:RUS) last posted its earnings results 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 for 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.