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

Russel Metals Inc. (TSE:RUS - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$51.21.

Several equities analysts have recently issued reports on the company. TD Securities upped their price target on Russel Metals from C$50.00 to C$52.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Royal Bank of Canada upgraded Russel Metals from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$45.00 to C$51.00 in a report on Tuesday, November 26th. Raymond James upped their price objective on Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Finally, Stifel Nicolaus upped their price objective on Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th.

Russel Metals Trading Down 1.4 %

Shares of RUS traded down C$0.55 during trading hours on Friday, hitting C$39.87. 244,289 shares of the stock traded hands, compared to its average volume of 177,362. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$46.87. The firm has a market capitalization of C$2.28 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The business has a fifty day moving average of C$41.49 and a 200-day moving average of C$40.97.

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Russel Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.68 annualized dividend and a dividend yield of 4.21%. Russel Metals's dividend payout ratio (DPR) is currently 54.12%.

Insiders Place Their Bets

In related news, Director Brian Robie Hedges sold 5,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$42.32, for a total transaction of C$211,600.00. Corporate insiders own 0.85% of the company's stock.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.