Russel Metals (TSE:RUS) PT Set at C$113.00 by Scotiabank

Key Points

• Scotiabank set a C$113.00 price target for Russel Metals and maintained a “sector outperform” rating, implying approximately 24% upside from the previous close. The bank estimates FY2027 earnings of C$4.69 per share.
• Analyst sentiment remains positive overall, with five Buy ratings and three Holds; MarketBeat reports a consensus “Moderate Buy” rating and an average target price of C$84.11.
• Russel Metals shares traded at C$91.16, near their 12-month high of C$95.97, while insiders sold 33,682 shares worth approximately C$2.74 million over the past 90 days.

Russel Metals (TSE:RUS - Get Free Report) has been assigned a C$113.00 target price by investment analysts at Scotiabank in a research report issued to clients and investors on Thursday, BayStreet reports. The firm presently has a "sector outperform" rating on the stock. Scotiabank's target price indicates a potential upside of 23.96% from the stock's previous close. Scotiabank also issued estimates for Russel Metals' FY2027 earnings at $4.69 EPS.

RUS has been the subject of a number of other reports. Raymond James Financial downgraded Russel Metals from a "moderate buy" rating to a "hold" rating and raised their price target for the stock from C$70.00 to C$82.00 in a research note on Monday, August 10th. Royal Bank Of Canada boosted their price target on Russel Metals from C$92.00 to C$107.00 in a research note on Wednesday, September 30th. TD set a C$94.00 price objective on Russel Metals and gave the stock a "buy" rating in a report on Monday, September 21st. Stifel Nicolaus raised their price objective on shares of Russel Metals from C$64.00 to C$85.00 and gave the company a "hold" rating in a research report on Monday, August 10th. Finally, National Bank Financial raised their price objective on shares of Russel Metals from C$57.00 to C$75.00 and gave the company a "sector perform" rating in a research report on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$84.11.

Russel Metals Stock Performance

RUS traded down C$0.72 during trading hours on Thursday, hitting C$91.16. 148,373 shares of the stock were exchanged, compared to its average volume of 222,800. The stock has a 50-day simple moving average of C$80.63 and a 200-day simple moving average of C$66.78. Russel Metals has a 12 month low of C$39.09 and a 12 month high of C$95.97. The stock has a market cap of C$5.01 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. The company has a debt-to-equity ratio of 27.88, a current ratio of 2.61 and a quick ratio of 1.44.

Russel Metals (TSE:RUS - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share (EPS) for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 13.09%. The firm had revenue of C$1.66 billion during the quarter.

Insider Buying and Selling at Russel Metals

In other news, insider Martin Leb Juravsky sold 5,682 shares of Russel Metals stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$80.40, for a total value of C$456,832.80. Following the completion of the sale, the insider directly owned 6,674 shares of the company's stock, valued at approximately C$536,589.60. This trade represents a 45.99% decrease in their position. Also, Director Brian Robie Hedges sold 25,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of C$81.54, for a total transaction of C$2,038,500.00. Insiders have sold a total of 33,682 shares of company stock worth $2,735,333 over the last ninety days. Corporate insiders own 0.85% of the company's stock.

Russel Metals Company Profile

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.

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