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

Key Points

• Consensus: Moderate Buy — Six analysts (four buys, two holds) give Russel Metals an average 12‑month target of C$54.42.
• Several brokerages raised targets on Feb. 13 (TD to C$57, RBC to C$55, Scotiabank to C$54) while National Bank downgraded the rating to hold but lifted its target to C$56.
• Shares opened at C$47.96, trading in a one‑year range of C$34.62–C$53.37 with a market cap of C$2.64B and a PE of 15.93; the latest quarter reported EPS of C$0.55 on C$1.09B in revenue.

Shares of Russel Metals Inc. (TSE:RUS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$54.42.

Several brokerages have recently commented on RUS. Scotiabank upped their price target on Russel Metals from C$52.00 to C$54.00 and gave the company an "outperform" rating in a research note on Friday, February 13th. Royal Bank Of Canada boosted their price objective on shares of Russel Metals from C$51.00 to C$55.00 and gave the company an "outperform" rating in a report on Friday, February 13th. National Bank Financial cut shares of Russel Metals from an "outperform" rating to a "hold" rating and upped their target price for the company from C$54.00 to C$56.00 in a research report on Friday, February 13th. Stifel Nicolaus increased their target price on shares of Russel Metals from C$49.00 to C$50.50 and gave the stock a "hold" rating in a research note on Friday, February 13th. Finally, TD Securities lifted their price target on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a "buy" rating in a research report on Friday, February 13th.

Russel Metals Price Performance

RUS stock opened at C$47.96 on Friday. Russel Metals has a one year low of C$34.62 and a one year high of C$53.37. The firm has a market cap of C$2.64 billion, a PE ratio of 15.93, a PEG ratio of 0.59 and a beta of 1.00. The firm's 50 day moving average price is C$47.98 and its 200-day moving average price is C$44.35. The company has a debt-to-equity ratio of 30.44, a quick ratio of 1.44 and a current ratio of 3.06.

Russel Metals (TSE:RUS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported C$0.55 earnings per share for the quarter. The company had revenue of C$1.09 billion during the quarter. Russel Metals had a return on equity of 10.44% and a net margin of 3.64%.

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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