Russel Metals (TSE:RUS) Stock Gets Price Target Boost from National Bank Financial

Key Points

• National Bank Financial raised Russel Metals’ price target from C$75 to C$101 while maintaining a “sector perform” rating, implying 10.79% upside from the prior close.
• Analyst sentiment is generally positive: the stock has a consensus “Moderate Buy” rating and an average target price of C$84.11, with recent targets ranging from C$82 to C$113.
• Russel Metals shares traded at C$91.16, near their 52-week high of C$95.97; insiders have sold 33,682 shares worth approximately C$2.74 million over the past 90 days.

Russel Metals (TSE:RUS - Get Free Report) had its target price boosted by equities researchers at National Bank Financial from C$75.00 to C$101.00 in a report issued on Thursday, BayStreet reports. The firm presently has a "sector perform" rating on the stock. National Bank Financial's target price would indicate a potential upside of 10.79% from the company's previous close.

RUS has been the subject of a number of other reports. Royal Bank Of Canada raised their target price on shares of Russel Metals from C$92.00 to C$107.00 in a report on Wednesday, September 30th. Scotiabank set a C$113.00 price target on Russel Metals and gave the company a "sector outperform" rating in a report on Thursday. TD set a C$94.00 price objective on Russel Metals and gave the company a "buy" rating in a research report on Monday, September 21st. Raymond James Financial lowered Russel Metals from a "moderate buy" rating to a "hold" rating and raised their price objective for the stock from C$70.00 to C$82.00 in a research note on Monday, August 10th. Finally, Stifel Nicolaus raised their price objective on Russel Metals from C$64.00 to C$85.00 and gave the stock a "hold" rating in a research note on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Russel Metals presently has an average rating of "Moderate Buy" and a consensus target price of C$84.11.

Russel Metals Price Performance

Shares of TSE:RUS traded down C$0.72 during trading hours on Thursday, hitting C$91.16. 148,373 shares of the company's stock traded hands, compared to its average volume of 222,800. The company's fifty day simple moving average is C$80.63 and its two-hundred day simple moving average is C$66.78. The company 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 quick ratio of 1.44 and a current ratio of 2.61. Russel Metals has a 52 week low of C$39.09 and a 52 week high of C$95.97.

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

Insider Transactions at Russel Metals

In related news, insider Martin Leb Juravsky sold 5,682 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were 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 owned 6,674 shares in the company, valued at approximately C$536,589.60. This represents a 45.99% decrease in their position. Also, Director James Francis Dinning sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of C$80.00, for a total transaction of C$240,000.00. Following the completion of the sale, the director owned 16,250 shares of the company's stock, valued at approximately C$1,300,000. This trade represents a 15.58% decrease in their position. Insiders have sold a total of 33,682 shares of company stock valued at $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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