Stifel Nicolaus Increases Russel Metals (TSE:RUS) Price Target to C$50.50

Russel Metals (TSE:RUS) had its price objective increased by Stifel Nicolaus from C$49.00 to C$50.50 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 7.88% from the stock’s previous close.

RUS has been the subject of a number of other reports. TD Securities boosted their price objective on Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a report on Friday. Scotiabank lifted their target price on shares of Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank Of Canada boosted their price target on shares of Russel Metals from C$51.00 to C$55.00 and gave the stock an “outperform” rating in a report on Friday. Finally, National Bank Financial lowered Russel Metals from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$54.00 to C$56.00 in a report on Friday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$54.42.

Russel Metals Stock Down 0.3%

Shares of TSE:RUS traded down C$0.12 during trading on Friday, reaching C$46.81. 255,820 shares of the stock were exchanged, compared to its average volume of 212,841. Russel Metals has a 1-year low of C$34.62 and a 1-year high of C$53.37. The stock has a fifty day moving average of C$45.97 and a two-hundred day moving average of C$42.96. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. The firm has a market cap of C$2.61 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 0.59 and a beta of 1.06.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.63 earnings per share for the quarter. The firm had revenue of C$1.17 billion for the quarter. Russel Metals had a net margin of 4.27% and a return on equity of 11.03%.

Russel Metals Company Profile

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.