Russel Metals Inc. (TSE:RUS) Given Average Rating of "Moderate Buy" by Analysts

Shares of Russel Metals Inc. (TSE:RUS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$49.29.

Several analysts have recently weighed in on RUS shares. TD Securities boosted their price target 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. National Bankshares decreased their price target on shares of 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. Raymond James lifted their price target on shares of Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Stifel Nicolaus increased their price objective on Russel Metals from C$53.00 to C$54.50 in a report on Wednesday, November 13th. Finally, Royal Bank of Canada lifted their target price on Russel Metals from C$43.00 to C$45.00 in a report on Friday, November 8th.

Russel Metals Price Performance

RUS stock opened at C$43.31 on Thursday. The stock has a market cap of C$2.54 billion, a price-to-earnings ratio of 12.63, a P/E/G 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 company has a 50 day simple moving average of C$40.50 and a 200 day simple moving average of C$38.87. Russel Metals has a 1 year low of C$35.20 and a 1 year high of C$47.39.

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 (EPS) for the quarter, missing the consensus estimate 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Wednesday, November 27th. Russel Metals's payout ratio is 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.