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

Russel Metals Inc. (TSE:RUS) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$47.64.

Several brokerages have recently weighed in on RUS. Scotiabank decreased their target price 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. Stifel Nicolaus lowered their target price on Russel Metals from C$55.50 to C$54.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. BMO Capital Markets upped their price target 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. Raymond James lowered their price objective on shares of 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. Finally, TD Securities cut their price objective on shares of Russel Metals from C$48.00 to C$45.00 and set a “hold” rating for the company in a research report on Thursday, April 25th.

Russel Metals Stock Down 0.5 %

Shares of TSE RUS opened at C$39.45 on Friday. The business has a 50-day moving average price of C$42.13 and a 200 day moving average price of C$41.95. The stock has a market cap of C$2.37 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54. 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 52-week low of C$33.38 and a 52-week high of C$47.39.

Russel Metals (TSE:RUS) last issued its quarterly earnings results 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. The firm had revenue of C$1.02 billion during the quarter, compared to analysts’ expectations of C$1.06 billion. Russel Metals had a net margin of 5.92% and a return on equity of 16.67%. Equities research analysts forecast that Russel Metals will post 3.5926623 earnings per share for the current year.

Russel Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, June 14th will be given a dividend of $0.42 per share. This is a positive change from Russel Metals’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Wednesday, May 29th. Russel Metals’s payout ratio 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.