Russel Metals Inc. (TSE:RUS) Receives Average Rating of "Buy" from Brokerages

Key Points

• Russel Metals Inc. has received an average rating of "Buy" from six brokerages, with five analysts recommending a buy and one issuing a strong buy recommendation.
• The average 12-month target price set by analysts for Russel Metals is C$51.80, with recent adjustments indicating varied outlooks on the stock price from different firms.
• The company recently paid a quarterly dividend of $0.43, representing an annualized dividend of $1.72 and a yield of 4.2%.

Shares of Russel Metals Inc. (TSE:RUS - Get Free Report) have earned an average rating of "Buy" from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$51.80.

RUS has been the topic of several analyst reports. Scotiabank upgraded Russel Metals to a "strong-buy" rating in a research note on Friday, October 10th. TD Securities decreased their target price on shares of Russel Metals from C$52.00 to C$50.00 and set a "buy" rating for the company in a research report on Monday, August 11th. National Bankshares lifted their price target on shares of Russel Metals from C$55.00 to C$56.00 and gave the stock an "outperform" rating in a report on Thursday, October 9th. Raymond James Financial lowered their price objective on Russel Metals from C$56.00 to C$54.00 and set an "outperform" rating for the company in a research report on Wednesday, October 1st. Finally, Stifel Nicolaus cut their price objective on shares of Russel Metals from C$49.00 to C$48.00 and set a "buy" rating on the stock in a report on Friday, September 19th.

Russel Metals Stock Performance

Russel Metals stock opened at C$41.10 on Thursday. The company has a 50 day moving average price of C$41.22 and a 200-day moving average price of C$41.57. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. Russel Metals has a fifty-two week low of C$34.62 and a fifty-two week high of C$46.87. The company has a market capitalization of C$2.30 billion, a PE ratio of 14.22, a P/E/G ratio of 0.59 and a beta of 1.10.

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were paid a $0.43 dividend. The ex-dividend date was Thursday, August 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.2%. Russel Metals's dividend payout ratio (DPR) is 58.48%.

Russel Metals Company Profile

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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