Brokerages Set Russel Metals Inc. (TSE:RUS) Target Price at C$46.93

Shares of Russel Metals Inc. (TSE:RUS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$46.93.

RUS has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their price objective on Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. Royal Bank of Canada cut their price target on Russel Metals from C$47.00 to C$43.00 and set a "sector perform" rating for the company in a report on Tuesday, July 2nd. National Bankshares lowered their price objective on shares of Russel Metals from C$47.00 to C$46.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. TD Securities upgraded shares of Russel Metals from a "hold" rating to a "buy" rating and upped their target price for the company from C$44.00 to C$46.00 in a research note on Monday, September 16th. Finally, Stifel Nicolaus reduced their price target on shares of Russel Metals from C$55.00 to C$52.00 and set a "buy" rating for the company in a report on Friday, August 2nd.

Russel Metals Price Performance

Russel Metals has a twelve month low of C$33.46 and a twelve month high of C$47.39. The firm has a market capitalization of C$2.31 billion, a P/E ratio of 11.48, a PEG ratio of 0.59 and a beta of 1.52. 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 company's 50 day moving average is C$39.07 and its 200 day moving average is C$38.81.

Russel Metals (TSE:RUS - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported C$0.84 EPS for the quarter, topping the consensus estimate of C$0.83 by C$0.01. The firm had revenue of C$1.07 billion for the quarter, compared to the consensus estimate of C$1.08 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

Russel Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of ∞. The ex-dividend date was Wednesday, August 28th. Russel Metals's dividend payout ratio (DPR) is presently 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.