Russel Metals (TSE:RUS) Sets New 12-Month High - What's Next?

Key Points

• Russel Metals reached a new 52-week high, trading as high as C$53.74 and last at C$53.04 on a volume of 231,532 shares.
• Analysts are broadly positive: four Buy and two Hold ratings with an average rating of "Moderate Buy" and an average price target of C$53.58 (notable hikes include TD to C$57, RBC to C$55, Scotiabank to C$54).
• Key fundamentals: market cap C$2.92 billion, trailing P/E of 17.62 and PEG 0.59, with last-quarter EPS of C$0.55 on C$1.09 billion revenue (net margin 3.64%, ROE 10.44%).

Russel Metals Inc. (TSE:RUS - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$53.74 and last traded at C$53.04, with a volume of 231532 shares trading hands. The stock had previously closed at C$52.83.

Analysts Set New Price Targets

Several analysts have recently issued reports on RUS shares. TD Securities boosted 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. National Bank Financial lowered their price target on shares of Russel Metals from C$56.00 to C$51.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 8th. Stifel Nicolaus boosted their price target on shares of Russel Metals from C$49.00 to C$50.50 and gave the company a "hold" rating in a research report on Friday, February 13th. Royal Bank Of Canada boosted their price target on shares of Russel Metals from C$51.00 to C$55.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Finally, Scotiabank boosted their price target on shares of Russel Metals from C$52.00 to C$54.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$53.58.

Russel Metals Trading Up 0.4%

The firm's 50-day moving average price is C$48.67 and its 200-day moving average price is C$45.66. The company has a quick ratio of 1.44, a current ratio of 3.06 and a debt-to-equity ratio of 30.44. The company has a market cap of C$2.92 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95.

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

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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