Stifel Nicolaus Forecasts Strong Price Appreciation for Russel Metals (TSE:RUS) Stock

Key Points

• Stifel Nicolaus raised Russel Metals’ price target to C$85 from C$64 while maintaining a “hold” rating, implying approximately 4.08% upside from the reported trading price.
• Analyst sentiment is generally positive, with five Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of C$70.11.
• Russel Metals shares traded near a 12-month high at C$81.67, while the company reported quarterly EPS of C$1.63 and revenue of C$1.66 billion; insiders sold 58,935 shares worth about $3.6 million over the past three months.

Russel Metals (TSE:RUS - Get Free Report) had its price target upped by Stifel Nicolaus from C$64.00 to C$85.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. Stifel Nicolaus' price target points to a potential upside of 4.08% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. Raymond James Financial raised their price objective on shares of Russel Metals from C$65.00 to C$70.00 in a research note on Friday, June 5th. Scotia raised their target price on Russel Metals from C$54.00 to C$62.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 7th. National Bank Financial boosted their price target on Russel Metals from C$52.00 to C$57.00 and gave the company a "sector perform" rating in a research note on Monday, July 13th. BMO Capital Markets upped their price target on Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their price objective on Russel Metals from C$63.00 to C$68.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 30th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$70.11.

Russel Metals Stock Performance

Russel Metals stock traded up C$0.71 during trading hours on Monday, reaching C$81.67. 197,415 shares of the company were exchanged, compared to its average volume of 231,029. The firm has a market cap of C$4.48 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 0.59 and a beta of 1.21. 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 50-day moving average of C$64.91 and a 200 day moving average of C$55.68. Russel Metals has a 12 month low of C$39.09 and a 12 month high of C$81.72.

Russel Metals (TSE:RUS - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.63 EPS for the quarter. The company had revenue of C$1.66 billion for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%.

Insider Buying and Selling at Russel Metals

In other news, Director James Francis Dinning sold 2,500 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$62.10, for a total value of C$155,250.00. Following the transaction, the director owned 19,250 shares of the company's stock, valued at C$1,195,425. This represents a 11.49% decrease in their position. Also, insider John Gregory Reid sold 28,935 shares of the firm's stock in a transaction 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 completion of the transaction, the insider owned 306,147 shares in the company, valued at C$17,946,337.14. This represents a 8.64% decrease in their ownership of the stock. Insiders sold a total of 58,935 shares of company stock valued at $3,575,645 in the last three months. Insiders own 0.85% of the company's stock.

Russel Metals Company Profile

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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