Analysts Set Russel Metals Inc. (TSE:RUS) Target Price at C$50.50

Shares of Russel Metals Inc. (TSE:RUS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$50.50.

Several research analysts have commented on RUS shares. Stifel Nicolaus upped their target price on shares of Russel Metals from C$54.50 to C$57.00 in a research report on Friday, November 22nd. TD Securities increased their price objective on 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 lifted their target price on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada raised Russel Metals from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from C$45.00 to C$51.00 in a research note on Tuesday, November 26th.

Russel Metals Stock Performance

RUS traded down C$0.78 on Friday, hitting C$39.61. 186,292 shares of the company's stock were exchanged, compared to its average volume of 157,520. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. The stock has a fifty day moving average of C$42.93 and a two-hundred day moving average of C$40.04. Russel Metals has a twelve month low of C$35.20 and a twelve month high of C$47.39. The firm has a market cap of C$2.32 billion, a PE ratio of 11.55, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS - Get Free Report) last announced its quarterly earnings results 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 return on equity of 12.67% and a net margin of 4.87%. The company had revenue of C$1.09 billion for the quarter, compared to analyst estimates of C$1.06 billion.

Russel Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.24%. The ex-dividend date 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.