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

Key Points

• Russel Metals has a consensus analyst rating of “Moderate Buy” from eight brokerages, with seven Buy ratings and one Hold. The average 12-month price target is C$60.61.
• Several firms recently raised their price targets on the stock, including Raymond James, TD, Scotia, BMO Capital Markets, and National Bank Financial. Targets now range as high as C$70.
• The stock recently traded near its 52-week high, opening at C$64.43 versus a 12-month range of C$39.09 to C$64.85. Russel Metals also reported quarterly EPS of C$1.30 and pays a 2.7% dividend yield.

Shares of Russel Metals Inc. (TSE:RUS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$60.61.

RUS has been the subject of several research reports. National Bank Financial boosted their price target on Russel Metals from C$51.00 to C$52.00 and gave the stock an "outperform" rating in a research report on Thursday, May 7th. Raymond James Financial raised their price objective on Russel Metals from C$65.00 to C$70.00 in a report on Friday, June 5th. Scotia lifted their target price on shares of Russel Metals from C$54.00 to C$62.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 7th. BMO Capital Markets upped their target price on shares of Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Finally, TD increased their target price on shares of Russel Metals from C$63.00 to C$68.00 and gave the company a "buy" rating in a research report on Monday, May 11th.

Russel Metals Stock Performance

RUS stock opened at C$64.43 on Monday. Russel Metals has a 12-month low of C$39.09 and a 12-month high of C$64.85. The business's 50-day moving average is C$60.53 and its 200 day moving average is C$52.31. The company has a current ratio of 2.86, a quick ratio of 1.44 and a debt-to-equity ratio of 29.50. The stock has a market cap of C$3.54 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 0.59 and a beta of 1.21.

Russel Metals (TSE:RUS - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported C$1.30 EPS for the quarter. The business had revenue of C$1.42 billion during the quarter. Russel Metals had a return on equity of 12.22% and a net margin of 4.04%.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, May 28th. Russel Metals's dividend payout ratio is currently 48.31%.

Insider Buying and Selling at Russel Metals

In other Russel Metals news, insider Martin Leb Juravsky sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, June 4th. The shares were 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 of the company's stock, valued at C$781,887.68. This trade represents a 28.81% decrease in their position. Also, insider John Gregory Reid sold 28,935 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of C$58.62, for a total value of C$1,696,169.70. Following the transaction, the insider owned 306,147 shares in the company, valued at approximately C$17,946,337.14. This represents a 8.64% decrease in their ownership of the stock. Insiders have sold a total of 73,935 shares of company stock worth $4,430,667 in the last quarter. Insiders own 0.85% of the company's stock.

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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