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

Russel Metals Inc. (TSE:RUS) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$50.50.

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

Russel Metals Trading Up 0.7 %

TSE:RUS opened at C$40.60 on Friday. The stock’s 50 day moving average price is C$43.01 and its 200 day moving average price is C$40.14. The company has a market capitalization of C$2.38 billion, a PE ratio of 11.84, a P/E/G ratio of 0.59 and a beta of 1.52. 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 52-week low of C$35.20 and a 52-week high of C$47.39.

Russel Metals (TSE:RUS) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share (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 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 Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Wednesday, November 27th. This represents a $1.68 annualized dividend and a yield of 4.14%. Russel Metals’s dividend payout ratio 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.