Russel Metals (TSE:RUS) Price Target Cut to C$55.00 by Analysts at Stifel Nicolaus

Russel Metals (TSE:RUS - Get Free Report) had its price target dropped by research analysts at Stifel Nicolaus from C$57.00 to C$55.00 in a note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus' price objective suggests a potential upside of 35.04% from the stock's previous close.

RUS has been the topic of a number of other research reports. Royal Bank of Canada raised Russel Metals from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th. Raymond James increased their price target on shares of Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Finally, TD Securities boosted their price objective 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$50.21.

Russel Metals Stock Performance

Russel Metals stock traded down C$0.27 during trading hours on Monday, reaching C$40.73. 112,187 shares of the stock were exchanged, compared to its average volume of 150,426. The stock has a market cap of C$2.39 billion, a P/E ratio of 11.87, a P/E/G ratio of 0.59 and a beta of 1.52. The firm's 50 day moving average is C$42.62 and its 200 day moving average is C$40.62. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. Russel Metals has a 52-week low of C$35.20 and a 52-week high of C$47.39.

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

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.