Stifel Nicolaus Trims Russel Metals (TSE:RUS) Target Price to C$54.00

Russel Metals (TSE:RUS - Free Report) had its target price cut by Stifel Nicolaus from C$55.50 to C$54.00 in a research note published on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts also recently issued reports about the stock. Scotiabank dropped their price objective on shares of Russel Metals from C$50.00 to C$48.50 and set a sector perform rating on the stock in a report on Wednesday. Raymond James lowered their price target on shares of Russel Metals from C$52.00 to C$48.00 and set an outperform rating on the stock in a report on Wednesday. TD Securities increased their price target 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 increased 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 report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$48.07.

Russel Metals Stock Performance

TSE:RUS traded down C$0.27 during trading hours on Friday, hitting C$39.36. 85,691 shares of the company were exchanged, compared to its average volume of 178,490. The stock has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 0.59 and a beta of 1.54. Russel Metals has a 52-week low of C$33.18 and a 52-week high of C$47.39. The company has a debt-to-equity ratio of 25.76, a current ratio of 4.14 and a quick ratio of 1.44. The company's 50 day moving average price is C$43.99 and its 200-day moving average price is C$41.58.

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

Russel Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Wednesday, February 28th. Russel Metals's dividend payout ratio (DPR) is presently 36.95%.

Russel Metals Company Profile

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.