Russel Metals (TSE:RUS) Price Target Raised to C$44.00 at BMO Capital Markets

by · The Markets Daily

Russel Metals (TSE:RUS – Free Report) had its price objective boosted by BMO Capital Markets from C$41.00 to C$44.00 in a research note released on Monday morning, BayStreet.CA reports.

A number of other analysts have also weighed in on the stock. National Bank Financial upgraded shares of Russel Metals from a sector perform market weight rating to an outperform market weight rating in a report on Monday, December 4th. TD Securities raised their price objective on shares of Russel Metals from C$39.00 to C$43.00 and gave the stock a hold rating in a report on Tuesday, August 15th. Scotiabank raised their price objective on shares of Russel Metals from C$43.00 to C$46.50 and gave the stock a sector perform rating in a report on Tuesday, December 5th. Stifel Nicolaus raised their price objective on shares of Russel Metals from C$46.00 to C$48.00 in a report on Tuesday, December 5th. Finally, Raymond James raised their price objective on shares of Russel Metals from C$44.00 to C$47.00 and gave the stock an outperform rating in a report on Tuesday, December 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Russel Metals presently has a consensus rating of Moderate Buy and a consensus target price of C$45.07.

Check Out Our Latest Report on RUS

Russel Metals Stock Performance

TSE RUS opened at C$44.55 on Monday. The company has a 50-day simple moving average of C$37.51 and a two-hundred day simple moving average of C$37.62. The company has a quick ratio of 1.44, a current ratio of 3.93 and a debt-to-equity ratio of 25.29. Russel Metals has a 12-month low of C$27.45 and a 12-month high of C$45.08. The firm has a market cap of C$2.71 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 0.59 and a beta of 1.48.

Russel Metals (TSE:RUS – Get Free Report) last posted its quarterly earnings results on Wednesday, November 8th. The company reported C$0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.91 by C$0.08. The business had revenue of C$1.11 billion during the quarter, compared to analyst estimates of C$1.12 billion. Russel Metals had a net margin of 6.05% and a return on equity of 17.31%. On average, equities analysts forecast that Russel Metals will post 3.9743833 EPS for the current year.

Russel Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Tuesday, November 28th. Russel Metals’s dividend payout ratio is 35.71%.

Insider Buying and Selling at Russel Metals

In other Russel Metals news, Director Cynthia Johnston bought 1,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was acquired at an average price of C$41.91 per share, with a total value of C$41,910.00. Insiders own 0.80% of the company’s stock.

Russel Metals Company Profile

(Get Free Report)

Russel Metals Inc operates as a metal distribution company in Canada and the United States. It operates through Metals Service Centers, Energy Field Stores, and Steel Distributors segments. 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.

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