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

Shares of Russel Metals Inc. (TSE:RUS) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$50.50.

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

Russel Metals Price Performance

TSE RUS opened at C$42.54 on Monday. The company has a market cap of C$2.50 billion, a price-to-earnings 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. The stock’s fifty day moving average price is C$42.44 and its 200 day moving average price is C$39.63. Russel Metals has a 1 year low of C$35.20 and a 1 year high of C$47.39.

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

Russel Metals Dividend Announcement

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