Russel Metals Inc. (TSE:RUS) Stock Has Consensus Price Target of C$76.89

Key Points

• Analysts hold a “Moderate Buy” consensus on Russel Metals, with five buy ratings and three holds. The average 12-month price target is C$76.89, although recent targets range from C$75 to C$94.
• Russel Metals reported quarterly earnings of C$1.63 per share on C$1.66 billion in revenue, with a 13.09% return on equity and a 4.04% net margin.
• The company pays a quarterly dividend of C$0.44, equivalent to C$1.76 annually and a 2.1% yield. Meanwhile, insiders sold 33,682 shares worth approximately C$2.74 million over the past three months.

Shares of Russel Metals Inc. (TSE:RUS - Get Free Report) have earned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$76.89.

A number of analysts have recently commented on RUS shares. Scotiabank lifted their price target on shares of Russel Metals from C$76.00 to C$89.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 11th. Raymond James Financial cut shares of Russel Metals from a "moderate buy" rating to a "hold" rating and raised their target price for the stock from C$70.00 to C$82.00 in a report on Monday, August 10th. National Bank Financial lifted their target price on shares of Russel Metals from C$57.00 to C$75.00 and gave the stock a "sector perform" rating in a research report on Monday, August 10th. TD set a C$94.00 target price on shares of Russel Metals and gave the company a "buy" rating in a research note on Monday, September 21st. Finally, Stifel Nicolaus increased their price target on Russel Metals from C$64.00 to C$85.00 and gave the company a "hold" rating in a report on Monday, August 10th.

Insiders Place Their Bets

In other news, Director James Francis Dinning sold 3,000 shares of the company's stock in a transaction dated 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 C$1,300,000. This represents a 15.58% decrease in their position. Also, insider Martin Leb Juravsky sold 5,682 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$80.40, for a total transaction of C$456,832.80. Following the sale, the insider directly owned 6,674 shares of the company's stock, valued at C$536,589.60. The trade was a 45.99% decrease in their position. Over the last three months, insiders have sold 33,682 shares of company stock valued at $2,735,333. Insiders own 0.85% of the company's stock.

Russel Metals Trading Up 1.8%

Russel Metals stock opened at C$85.22 on Friday. Russel Metals has a one year low of C$39.09 and a one year high of C$85.22. The business's fifty day moving average is C$74.99 and its 200 day moving average is C$62.71. The stock has a market capitalization of C$4.68 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 0.59 and a beta of 1.28. 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 issued its earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. The business had revenue of C$1.66 billion during the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%.

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.76 dividend on an annualized basis and a yield of 2.1%. Russel Metals's dividend payout ratio is currently 44.13%.

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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