Russel Metals Inc. (TSE:RUS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Russel Metals Inc. (TSE:RUS) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$51.21.

RUS has been the subject of a number of recent analyst reports. TD Securities upped their price objective on Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Stifel Nicolaus lifted their price objective on Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. Finally, 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 stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th.

Insider Activity at Russel Metals

In other news, Director Brian Robie Hedges sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total transaction of C$211,600.00. 0.85% of the stock is owned by insiders.

Russel Metals Trading Up 1.4 %

Russel Metals stock opened at C$40.01 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. Russel Metals has a 52-week low of C$35.20 and a 52-week high of C$46.87. The company has a market cap of C$2.29 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.59 and a beta of 1.52. The business has a 50-day simple moving average of C$40.97 and a two-hundred day simple moving average of C$41.20.

Russel Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, February 28th. This represents a $1.68 annualized dividend and a yield of 4.20%. Russel Metals’s dividend payout ratio (DPR) is 54.12%.

Russel Metals Company Profile

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.