Brokerages Set Russel Metals Inc. (TSE:RUS) PT at C$48.79

Shares of Russel Metals Inc. (TSE:RUS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$48.79.

A number of research analysts have weighed in on the stock. Raymond James lifted their price objective on shares of Russel Metals from C$47.00 to C$50.00 in a report on Wednesday, December 20th. Scotiabank increased their target price on Russel Metals from C$46.50 to C$50.00 and gave the company a "sector perform" rating in a research report on Monday, February 12th. Royal Bank of Canada boosted their price target on shares of Russel Metals from C$42.00 to C$47.00 in a report on Tuesday, December 19th. Stifel Nicolaus dropped their target price on shares of Russel Metals from C$56.00 to C$55.50 in a research report on Wednesday, March 13th. Finally, BMO Capital Markets upped their price target on shares of Russel Metals from C$44.00 to C$46.00 and gave the stock an "outperform" rating in a research report on Friday, February 9th.

Russel Metals Stock Down 2.8 %

Shares of Russel Metals stock traded down C$1.20 during trading on Wednesday, reaching C$41.27. The company's stock had a trading volume of 151,201 shares, compared to its average volume of 182,576. The company has a 50-day simple moving average of C$44.58 and a two-hundred day simple moving average of C$41.50. Russel Metals has a 1-year low of C$32.12 and a 1-year high of C$47.39. The company has a market cap of C$2.49 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 0.59 and a beta of 1.54. The company has a quick ratio of 1.44, a current ratio of 4.14 and a debt-to-equity ratio of 25.76.

Russel Metals (TSE:RUS - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.78 earnings per share for the quarter, topping analysts' consensus estimates of C$0.72 by C$0.06. The business had revenue of C$1.02 billion for the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a return on equity of 16.67% and a net margin of 5.92%. As a group, equities analysts forecast that Russel Metals will post 2.9467655 earnings per share for the current year.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.60 annualized dividend and a yield of 3.88%. Russel Metals's dividend payout ratio is presently 36.95%.

About Russel Metals

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.