Russel Metals (TSE:RUS) Price Target Cut to C$45.00 by Analysts at TD Securities

Russel Metals (TSE:RUS) had its price objective cut by TD Securities from C$48.00 to C$45.00 in a report released on Thursday, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other brokerages have also recently weighed in on RUS. Scotiabank reduced their price objective on shares of 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. BMO Capital Markets boosted their price objective on shares of 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. Stifel Nicolaus cut their target price on shares of Russel Metals from C$55.50 to C$54.00 and set a buy rating for the company in a research note on Friday, April 19th. Finally, Raymond James cut their target price on shares of Russel Metals from C$52.00 to C$48.00 and set an outperform rating for the company in a research note on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$47.64.

Russel Metals Price Performance

Shares of Russel Metals stock opened at C$39.50 on Thursday. The firm has a fifty day simple moving average of C$43.27 and a 200-day simple moving average of C$41.77. 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 has a 1-year low of C$33.38 and a 1-year high of C$47.39. The stock has a market capitalization of C$2.39 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.59 and a beta of 1.54.

Russel Metals (TSE:RUS) last issued its quarterly earnings data 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. Russel Metals had a net margin of 5.92% and a return on equity of 16.67%. The business had revenue of C$1.02 billion during the quarter, compared to analysts’ expectations of C$1.06 billion. On average, sell-side analysts expect 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. Investors 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 4.05%. The ex-dividend date of this dividend was Wednesday, February 28th. Russel Metals’s payout ratio is currently 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.