Russel Metals Inc. (TSE:RUS) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus: Six of eight analysts rate Russel Metals a buy, while two recommend holding. The average 12-month price target is C$61.17, below the stock’s reported C$70.25 opening price.
• Russel Metals reported quarterly earnings of C$1.63 per share on C$1.66 billion in revenue, with a 4.04% net margin and 12.22% return on equity.
• The company pays a quarterly dividend of C$0.44, or C$1.76 annually, representing a 2.5% yield and a 48.31% payout ratio. Insiders sold 63,735 shares worth approximately C$3.85 million over the past three months.

Russel Metals Inc. (TSE:RUS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$61.17.

Several equities analysts have commented on RUS shares. Scotia raised their target price on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 7th. Raymond James Financial increased their price objective on shares of Russel Metals from C$65.00 to C$70.00 in a report on Friday, June 5th. BMO Capital Markets raised their price objective on shares of Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. National Bank Financial boosted their target price on Russel Metals from C$52.00 to C$57.00 and gave the stock a "sector perform" rating in a report on Monday, July 13th. Finally, Stifel Nicolaus upped their target price on Russel Metals from C$49.00 to C$58.50 and gave the stock a "hold" rating in a research report on Thursday, May 7th.

Russel Metals Price Performance

Shares of RUS opened at C$70.25 on Friday. The firm has a market capitalization of C$3.86 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86. Russel Metals has a one year low of C$39.09 and a one year high of C$70.97. The stock's fifty day moving average is C$64.54 and its 200-day moving average is C$55.45.

Russel Metals (TSE:RUS - Get Free Report) last issued its quarterly earnings data 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 for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%.

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, May 28th. Russel Metals's payout ratio is currently 48.31%.

Insider Transactions at Russel Metals

In related news, Director James Francis Dinning sold 2,500 shares of Russel Metals stock in a transaction dated Friday, May 29th. The stock was sold at an average price of C$62.10, for a total transaction of C$155,250.00. Following the transaction, the director directly owned 19,250 shares of the company's stock, valued at C$1,195,425. The trade was a 11.49% decrease in their ownership of the stock. Also, insider Martin Leb Juravsky sold 5,000 shares of Russel Metals stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of C$63.28, for a total value of C$316,400.00. Following the transaction, the insider directly owned 12,356 shares in the company, valued at approximately C$781,887.68. The trade was a 28.81% decrease in their ownership of the stock. In the last three months, insiders have sold 63,735 shares of company stock worth $3,849,245. 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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