Russel Metals (TSE:RUS) Stock Price Expected to Rise, National Bank Financial Analyst Says

Key Points

• National Bank Financial raised its price target on Russel Metals to C$52.00 and maintained an “outperform” rating, though that target implies roughly a 7.8% downside from the recent close.
• Multiple peers (TD, RBC, TD Securities, BMO, Scotia) also lifted targets and mostly carry Buy/Outperform ratings, leaving a consensus price target of C$58.94 and an average rating of “Moderate Buy”.
• Shares traded down to C$56.42 (-0.7% intraday); the company has a market cap of C$3.10 billion, a P/E of 18.74, and reported last-quarter EPS of C$1.30 on C$1.42 billion in revenue.

Russel Metals (TSE:RUS - Get Free Report) had its price objective hoisted by National Bank Financial from C$51.00 to C$52.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's price objective points to a potential downside of 7.83% from the company's previous close.

Other analysts have also issued research reports about the company. TD raised their target price on Russel Metals from C$57.00 to C$63.00 and gave the company a "buy" rating in a report on Tuesday. TD Securities raised their price objective on shares of Russel Metals from C$50.00 to C$57.00 and gave the stock a "buy" rating in a research note on Friday, February 13th. Royal Bank Of Canada upped their target price on shares of Russel Metals from C$55.00 to C$63.00 and gave the company an "outperform" rating in a research note on Thursday. BMO Capital Markets increased their price target on shares of Russel Metals from C$51.00 to C$56.00 in a report on Wednesday. Finally, Scotia upped their price objective on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a "sector outperform" rating in a research report on Thursday. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Russel Metals presently has an average rating of "Moderate Buy" and a consensus price target of C$58.94.

Russel Metals Stock Down 0.7%

Shares of Russel Metals stock traded down C$0.41 during midday trading on Thursday, reaching C$56.42. 170,958 shares of the company's stock traded hands, compared to its average volume of 209,589. 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 has a 52 week low of C$39.09 and a 52 week high of C$58.69. The company's 50 day simple moving average is C$48.97 and its 200 day simple moving average is C$45.86. The company has a market cap of C$3.10 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95.

Russel Metals (TSE:RUS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share for the quarter. The company had revenue of C$1.42 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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