Raymond James Financial Lowers Russel Metals (TSE:RUS) Price Target to C$54.00

Key Points

• Raymond James Financial has lowered the price target for Russel Metals from C$56.00 to C$54.00, while maintaining an "outperform" rating, indicating a potential upside of 29.12% from the previous close.
• Aside from Raymond James, other analysts have also reduced their price targets, with TD Securities lowering theirs from C$52.00 to C$50.00, and Stifel Nicolaus from C$49.00 to C$48.00; both firms retain a "buy" rating.
• The current consensus rating for Russel Metals from five analysts remains a "Buy," with an average price target of C$51.60, despite the recent price target adjustments.

Russel Metals (TSE:RUS - Get Free Report) had its price target lowered by equities researchers at Raymond James Financial from C$56.00 to C$54.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's price objective indicates a potential upside of 29.12% from the company's previous close. Raymond James Financial also issued estimates for Russel Metals' Q2 2026 earnings at $1.15 EPS and FY2026 earnings at $4.20 EPS.

Several other research firms also recently issued reports on RUS. TD Securities decreased their price objective on shares of Russel Metals from C$52.00 to C$50.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Stifel Nicolaus decreased their price target on shares of Russel Metals from C$49.00 to C$48.00 and set a "buy" rating on the stock in a research note on Friday, September 19th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$51.60.

Russel Metals Price Performance

Shares of Russel Metals stock traded up C$0.14 on Wednesday, reaching C$41.82. The company's stock had a trading volume of 56,733 shares, compared to its average volume of 158,692. Russel Metals has a 52-week low of C$34.62 and a 52-week high of C$46.87. The company has a market capitalization of C$2.34 billion, a P/E ratio of 14.47, a PEG ratio of 0.59 and a beta of 1.22. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. The stock has a 50-day moving average price of C$41.84 and a 200-day moving average price of C$41.43.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.

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