Brokerages Set Russel Metals Inc. (TSE:RUS) PT at C$49.29

Shares of Russel Metals Inc. (TSE:RUS) have earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$49.64.

RUS has been the topic of several recent analyst reports. TD Securities raised their price target on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Raymond James upped their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Stifel Nicolaus lifted their price target on shares of Russel Metals from C$54.50 to C$57.00 in a research note on Friday. National Bankshares dropped their price objective on 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. Finally, Royal Bank of Canada lifted their target price on Russel Metals from C$43.00 to C$45.00 in a research report on Friday, November 8th.

Russel Metals Trading Up 1.5 %

RUS opened at C$44.24 on Thursday. 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 stock’s 50 day moving average price is C$40.79 and its 200-day moving average price is C$38.93. Russel Metals has a one year low of C$35.20 and a one year high of C$47.39. The stock has a market cap of C$2.60 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 0.59 and a beta of 1.52.

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

Russel Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.68 annualized dividend and a yield of 3.80%. 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.