Russel Metals (TSE:RUS) PT Lowered to C$48.50

Russel Metals (TSE:RUS - Free Report) had its price target cut by Scotiabank from C$50.00 to C$48.50 in a research report report published on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Russel Metals from C$56.00 to C$55.50 in a report on Wednesday, March 13th. Raymond James increased their target price on shares of Russel Metals from C$47.00 to C$50.00 in a report on Wednesday, December 20th. Royal Bank of Canada increased their target price on shares of Russel Metals from C$42.00 to C$47.00 in a report on Tuesday, December 19th. TD Securities increased their target price on shares of Russel Metals from C$43.00 to C$48.00 and gave the stock a hold rating in a report on Monday, February 12th. Finally, BMO Capital Markets raised their price objective on shares of Russel Metals from C$44.00 to C$46.00 and gave the company an outperform rating in a report on Friday, February 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Russel Metals presently has an average rating of Moderate Buy and an average target price of C$48.29.

Russel Metals Trading Down 3.2 %

TSE:RUS traded down C$1.32 on Wednesday, hitting C$39.41. The stock had a trading volume of 130,685 shares, compared to its average volume of 180,004. The company has a fifty day moving average price of C$44.10 and a two-hundred day moving average price of C$41.59. 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 has a 1-year low of C$32.53 and a 1-year high of C$47.39. The stock has a market cap of C$2.38 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.59 and a beta of 1.54.

Russel Metals (TSE:RUS - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported C$0.78 EPS for the quarter, topping the consensus estimate of C$0.72 by C$0.06. Russel Metals had a net margin of 5.92% and a return on equity of 16.67%. The firm had revenue of C$1.02 billion for the quarter, compared to analyst estimates of C$1.06 billion. Equities research analysts expect that Russel Metals will post 3.7672493 earnings per share for the current fiscal year.

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.40 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.06%. Russel Metals's payout ratio is 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.