Stifel Nicolaus Increases Russel Metals (TSE:RUS) Price Target to C$57.00

Russel Metals (TSE:RUS - Get Free Report) had its price objective increased by stock analysts at Stifel Nicolaus from C$54.50 to C$57.00 in a report issued on Friday,BayStreet.CA reports. Stifel Nicolaus' target price would suggest a potential upside of 29.46% from the company's current price.

A number of other equities analysts have also weighed in on the stock. 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. 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 report on Friday, August 2nd. Raymond James boosted their price objective on shares of Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Finally, Royal Bank of Canada boosted their price objective on shares of Russel Metals from C$43.00 to C$45.00 in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$49.64.

Russel Metals Stock Up 1.1 %

Shares of RUS traded up C$0.46 during mid-day trading on Friday, reaching C$44.03. The company had a trading volume of 52,022 shares, compared to its average volume of 183,783. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. The firm has a 50-day moving average price of C$40.64 and a 200 day moving average price of C$38.90. Russel Metals has a 52 week low of C$35.20 and a 52 week high of C$47.39. The company has a market capitalization of C$2.58 billion, a price-to-earnings ratio of 12.84, 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 results on Wednesday, November 6th. The company reported C$0.59 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 the consensus estimate of C$1.06 billion.

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.

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