Russel Metals (TSE:RUS) Given New C$52.00 Price Target at Stifel Nicolaus

Russel Metals (TSE:RUS) had its target price decreased by Stifel Nicolaus from C$55.00 to C$52.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other brokerages have also issued reports on RUS. Scotiabank decreased their price target on shares of Russel Metals from C$50.00 to C$48.50 and set a sector perform rating on the stock in a report on Wednesday, April 17th. TD Securities decreased their price target on shares of Russel Metals from C$45.00 to C$44.00 in a report on Friday. National Bankshares decreased their price target on shares of Russel Metals from C$48.00 to C$47.00 and set an outperform rating on the stock in a report on Tuesday, July 16th. Royal Bank of Canada decreased their price target on shares of Russel Metals from C$47.00 to C$43.00 and set a sector perform rating on the stock in a report on Tuesday, July 2nd. Finally, BMO Capital Markets cut their target price on shares of Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Russel Metals currently has an average rating of Moderate Buy and an average target price of C$46.64.

Russel Metals Price Performance

RUS stock opened at C$38.60 on Friday. The firm has a market cap of C$2.32 billion, a P/E ratio of 9.75, a P/E/G ratio of 0.59 and a beta of 1.57. The company has a quick ratio of 1.44, a current ratio of 4.37 and a debt-to-equity ratio of 25.43. The company’s 50-day moving average price is C$37.76 and its two-hundred day moving average price is C$40.94. Russel Metals has a 12 month low of C$33.38 and a 12 month high of C$47.39.

Russel Metals (TSE:RUS) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.80 by C$0.02. The company had revenue of C$1.06 billion for the quarter, compared to analyst estimates of C$1.16 billion. Russel Metals had a net margin of 5.54% and a return on equity of 14.72%. On average, analysts anticipate that Russel Metals will post 3.5267452 earnings per share for the current fiscal year.

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Wednesday, August 28th will be given a $0.42 dividend. The ex-dividend date is Wednesday, August 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.35%. Russel Metals’s dividend payout ratio (DPR) is currently 42.42%.

Insider Transactions at Russel Metals

In other news, Director Stewart Burton purchased 3,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were purchased at an average price of C$36.35 per share, for a total transaction of C$109,050.00. Corporate insiders own 0.81% of the company’s stock.

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.