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

Russel Metals Inc. (TSE:RUS) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$46.64.

RUS has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price objective on shares of Russel Metals from C$55.00 to C$52.00 and set a “buy” rating for the company in a report on Friday, August 2nd. TD Securities dropped their target price on Russel Metals from C$45.00 to C$44.00 in a research report on Friday, August 2nd. Royal Bank of Canada reduced their price target on Russel Metals from C$47.00 to C$43.00 and set a “sector perform” rating for the company in a report on Tuesday, July 2nd. BMO Capital Markets lowered their price target on Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. Finally, National Bankshares cut their price objective on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd.

Insider Transactions at Russel Metals

In other news, Director Stewart Burton acquired 3,000 shares of Russel Metals stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average cost of C$36.35 per share, with a total value of C$109,050.00. Corporate insiders own 0.83% of the company’s stock.

Russel Metals Stock Up 1.3 %

Shares of RUS opened at C$37.63 on Friday. The company has a market capitalization of C$2.21 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.59 and a beta of 1.51. Russel Metals has a 52 week low of C$33.38 and a 52 week high of C$47.39. The stock’s 50-day moving average price is C$37.88 and its 200-day moving average price is C$39.56. 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 (TSE:RUS) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.84 EPS for the quarter, topping the consensus estimate of C$0.83 by C$0.01. The business had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.08 billion. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%. On average, sell-side analysts predict that Russel Metals will post 4.0993228 EPS for the current year.

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $1.68 annualized dividend and a dividend yield of 4.46%. Russel Metals’s dividend payout ratio (DPR) is presently 48.98%.

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.