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

Russel Metals Inc. (TSE:RUS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$49.29.

A number of research firms recently commented on RUS. National Bankshares decreased their price objective on shares of Russel Metals from C$47.00 to C$46.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Raymond James lifted their price target on Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. BMO Capital Markets reduced their price objective on Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. Royal Bank of Canada raised their price objective on Russel Metals from C$43.00 to C$45.00 in a research report on Friday, November 8th. Finally, TD Securities upped their target price on Russel Metals from C$46.00 to C$50.00 and gave the company a "buy" rating in a report on Tuesday, November 12th.

Russel Metals Price Performance

Russel Metals stock traded up C$0.17 during mid-day trading on Thursday, hitting C$43.48. The company's stock had a trading volume of 87,641 shares, compared to its average volume of 184,208. The stock has a market capitalization of C$2.55 billion, a P/E ratio of 12.63, a P/E/G ratio of 0.59 and a beta of 1.52. Russel Metals has a twelve month low of C$35.20 and a twelve month high of C$47.39. The stock's fifty day moving average price is C$40.50 and its two-hundred day moving average price is C$38.87. 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 (TSE:RUS - Get Free Report) last issued its 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). 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 during the quarter, compared to analyst estimates of C$1.06 billion.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.86%. The ex-dividend date is Wednesday, November 27th. Russel Metals's 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.