Russel Metals Inc. (TSE:RUS) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts rate Russel Metals a “Moderate Buy”: Five of eight analysts recommend buying, while three rate it hold; the average 12-month price target is C$84.78.
• Recent broker targets varied: RBC raised its target to C$107, Scotiabank cut its target to C$109, and National Bank Financial increased its target to C$101.
• The company reported quarterly EPS of C$2.67 on revenue of C$1.82 billion and pays an annualized dividend of C$1.76 per share, a yield of about 2.2%.

Russel Metals Inc. (TSE:RUS - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$84.78.

A number of research firms have recently weighed in on RUS. Royal Bank Of Canada increased their target price on shares of Russel Metals from C$92.00 to C$107.00 in a research report on Wednesday, September 30th. Scotiabank lowered their price target on shares of Russel Metals from C$113.00 to C$109.00 and set a "sector outperform" rating on the stock in a report on Monday, November 9th. TD set a C$94.00 price target on Russel Metals and gave the stock a "buy" rating in a research note on Monday, September 21st. National Bank Financial boosted their price objective on Russel Metals from C$75.00 to C$101.00 and gave the company a "sector perform" rating in a research note on Thursday, October 15th. Finally, Stifel Nicolaus boosted their price objective on Russel Metals from C$64.00 to C$85.00 and gave the company a "hold" rating in a research note on Monday, August 10th.

Russel Metals Stock Performance

Shares of TSE RUS traded up C$0.56 during midday trading on Friday, reaching C$79.41. The company's stock had a trading volume of 283,078 shares, compared to its average volume of 230,311. The stock has a market capitalization of C$4.36 billion, a P/E ratio of 14.23, a PEG ratio of 0.59 and a beta of 0.74. The company has a debt-to-equity ratio of 25.75, a current ratio of 2.75 and a quick ratio of 1.44. The firm has a 50 day moving average price of C$85.00 and a 200-day moving average price of C$65.17. Russel Metals has a 12-month low of C$39.09 and a 12-month high of C$95.97.

Russel Metals (TSE:RUS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported C$2.67 EPS for the quarter. Russel Metals had a return on equity of 18.02% and a net margin of 5.12%. The company had revenue of C$1.82 billion during the quarter.

Russel Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, August 28th. Russel Metals's dividend payout ratio is presently 31.18%.

About Russel Metals

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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