Russel Metals (TSE:RUS) Stock Price Expected to Rise, TD Analyst Says

Key Points

• TD raised its target price on Russel Metals from C$57.00 to C$63.00 and kept a buy rating, implying roughly a 17.45% upside from the prior close.
• Analysts collectively rate the stock a Moderate Buy (five Buy, two Hold) with an average target price of C$54.93.
• Russel Metals traded at C$53.64 (up 1.1%), with a market cap of C$2.95B, a P/E of 17.82, and last quarter EPS of C$0.55 on C$1.09B revenue.

Russel Metals (TSE:RUS - Get Free Report) had its target price hoisted by equities research analysts at TD from C$57.00 to C$63.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD's price objective indicates a potential upside of 17.45% from the company's previous close.

A number of other analysts have also recently commented on RUS. National Bank Financial lowered their price target on Russel Metals from C$56.00 to C$51.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 8th. 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. TD Securities upped their price target on Russel Metals from C$50.00 to C$57.00 and gave the company a "buy" rating in a research note on Friday, February 13th. Stifel Nicolaus upped their price target on Russel Metals from C$49.00 to C$50.50 and gave the company a "hold" rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada upped their price target on Russel Metals from C$51.00 to C$55.00 and gave the company an "outperform" rating in a research note on Friday, February 13th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$54.93.

Russel Metals Trading Up 1.1%

TSE:RUS traded up C$0.60 on Tuesday, hitting C$53.64. 80,110 shares of the stock were exchanged, compared to its average volume of 206,319. The stock has a market capitalization of C$2.95 billion, a price-to-earnings ratio of 17.82, a P/E/G ratio of 0.59 and a beta of 0.95. Russel Metals has a 52 week low of C$39.09 and a 52 week high of C$54.15. The company has a debt-to-equity ratio of 30.44, a quick ratio of 1.44 and a current ratio of 3.06. The company's 50-day moving average price is C$48.67 and its 200 day moving average price is C$45.66.

Russel Metals (TSE:RUS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported C$0.55 earnings per share for the quarter. The firm 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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