Russel Metals (TSE:RUS) Price Target Raised to C$56.00

Russel Metals (TSE:RUS) had its price objective upped by Raymond James from C$50.00 to C$56.00 in a report released on Wednesday,BayStreet.CA reports. Raymond James also issued estimates for Russel Metals’ Q4 2024 earnings at $0.62 EPS, FY2024 earnings at $3.05 EPS, Q1 2025 earnings at $1.04 EPS, Q2 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.16 EPS, Q3 2025 earnings at $1.19 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $4.40 EPS and FY2025 earnings at $4.25 EPS.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus raised their price objective on shares of Russel Metals from C$53.00 to C$54.50 in a report on Wednesday. TD Securities raised their price target on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets decreased their price objective on Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. National Bankshares cut their target price on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, Royal Bank of Canada upped their price target on Russel Metals from C$43.00 to C$45.00 in a research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$49.29.

Russel Metals Stock Performance

Shares of RUS opened at C$43.06 on Wednesday. Russel Metals has a 1 year low of C$35.20 and a 1 year high of C$47.39. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44. The stock’s fifty day moving average price is C$40.11 and its two-hundred day moving average price is C$38.81. The firm has a market cap of C$2.53 billion, a PE ratio of 12.55, a PEG 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The firm had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.06 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 will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.68 annualized dividend and a dividend yield of 3.90%. Russel Metals’s payout ratio is currently 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.