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

Russel Metals Inc. (TSE:RUS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$50.21.

RUS has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on Russel Metals from C$57.00 to C$55.00 in a report on Monday. Royal Bank of Canada raised shares of Russel Metals from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from C$45.00 to C$51.00 in a research report on Tuesday, November 26th. Raymond James increased their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. Finally, TD Securities lifted their price target on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th.

Russel Metals Stock Up 0.9 %

Shares of RUS stock traded up C$0.38 on Tuesday, hitting C$41.11. The stock had a trading volume of 148,804 shares, compared to its average volume of 152,812. 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 business has a 50 day moving average of C$42.46 and a 200 day moving average of C$40.68. Russel Metals has a 12-month low of C$35.20 and a 12-month high of C$47.39. The stock has a market cap of C$2.41 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.61 by C($0.02). Russel Metals had a net margin of 4.87% and a return on equity of 12.67%. The firm had revenue of C$1.09 billion during the quarter, compared to analysts' expectations of C$1.06 billion.

Russel Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were paid a $0.42 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.68 dividend on an annualized basis and a yield of 4.09%. Russel Metals's dividend 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.