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

Russel Metals (TSE:RUS) had its price target trimmed by Stifel Nicolaus from C$55.50 to C$54.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on RUS. Raymond James lowered their price target on Russel Metals from C$52.00 to C$48.00 and set an outperform rating on the stock in a research report on Wednesday, April 17th. Scotiabank reduced their price objective on Russel Metals from C$50.00 to C$48.50 and set a sector perform rating for the company in a research note on Wednesday, April 17th. TD Securities raised their price objective on Russel Metals from C$43.00 to C$48.00 and gave the stock a hold rating in a research note on Monday, February 12th. Finally, BMO Capital Markets raised their price objective on Russel Metals from C$44.00 to C$46.00 and gave the stock an outperform rating in a research note on Friday, February 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Russel Metals currently has a consensus rating of Moderate Buy and an average price target of C$48.07.

Russel Metals Stock Down 0.7 %

TSE:RUS opened at C$39.36 on Friday. Russel Metals has a 52 week low of C$33.18 and a 52 week high of C$47.39. The firm has a market capitalization of C$2.38 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54. The stock has a 50 day moving average of C$43.88 and a 200-day moving average of C$41.67. The company has a current ratio of 4.14, a quick ratio of 1.44 and a debt-to-equity ratio of 25.76.

Russel Metals (TSE:RUS) last posted its earnings results 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. Russel Metals had a return on equity of 16.67% and a net margin of 5.92%. The firm had revenue of C$1.02 billion for the quarter, compared to analysts’ expectations of C$1.06 billion. Analysts predict that Russel Metals will post 3.7672493 EPS for the current year.

Russel Metals Dividend Announcement

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