Russel Metals Inc. (TSE:RUS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Russel Metals Inc. (TSE:RUS) has earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$48.79.

Several equities research analysts have issued reports on RUS shares. TD Securities raised their price target on Russel Metals from C$43.00 to C$48.00 and gave the company a “hold” rating in a report on Monday, February 12th. Stifel Nicolaus decreased their price target on shares of Russel Metals from C$56.00 to C$55.50 in a research note on Wednesday, March 13th. Raymond James raised their price objective on shares of Russel Metals from C$47.00 to C$50.00 in a research report on Wednesday, December 20th. BMO Capital Markets upped their target price on Russel Metals from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Finally, Scotiabank increased their target price on Russel Metals from C$46.50 to C$50.00 and gave the stock a “sector perform” rating in a research note on Monday, February 12th.

Russel Metals Stock Performance

Shares of RUS stock opened at C$40.73 on Wednesday. The stock has a market cap of C$2.46 billion, a P/E ratio of 9.41, a P/E/G ratio of 0.59 and a beta of 1.54. The company has a fifty day moving average price of C$44.21 and a two-hundred day moving average price of C$41.61. Russel Metals has a one year low of C$32.42 and a one year 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.

Russel Metals (TSE:RUS) last issued its earnings results on Thursday, February 8th. The company reported C$0.78 earnings per share (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 during 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, equities analysts predict that Russel Metals will post 3.7672493 EPS for the current year.

Russel Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given 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 3.93%. Russel Metals’s payout ratio is 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.