Russel Metals Inc. (TSE:RUS) Receives C$50.50 Consensus PT from Analysts

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 company, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$50.50.

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

Russel Metals Stock Performance

RUS stock remained flat at C$44.35 on Monday. 167,768 shares of the company traded hands, compared to its average volume of 183,413. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. Russel Metals has a 1 year low of C$35.20 and a 1 year high of C$47.39. The firm's 50-day simple moving average is C$42.28 and its 200 day simple moving average is C$39.53. The stock has a market capitalization of C$2.60 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

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

Russel Metals Dividend Announcement

The business also recently declared 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. The ex-dividend date is Wednesday, November 27th. This represents a $1.68 annualized dividend and a yield of 3.79%. 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.