Russel Metals (TSE:RUS) Reaches New 1-Year High – Still a Buy?

Shares of Russel Metals Inc. (TSE:RUS) hit a new 52-week high on Wednesday . The stock traded as high as C$50.94 and last traded at C$50.94, with a volume of 43062 shares. The stock had previously closed at C$50.37.

Analysts Set New Price Targets

RUS has been the topic of several research analyst reports. Stifel Nicolaus cut shares of Russel Metals from a “buy” rating to a “hold” rating and increased their price target for the stock from C$49.00 to C$50.50 in a research report on Friday, February 6th. Royal Bank Of Canada increased their target price on Russel Metals from C$47.00 to C$51.00 in a report on Wednesday, January 14th. Finally, Scotiabank boosted their price target on Russel Metals from C$48.00 to C$52.00 in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Russel Metals currently has an average rating of “Buy” and an average target price of C$52.25.

Russel Metals Trading Up 1.5%

The firm’s 50-day simple moving average is C$45.65 and its 200 day simple moving average is C$42.87. The stock has a market cap of C$2.85 billion, a P/E ratio of 17.52, a PEG ratio of 0.59 and a beta of 1.06. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28.

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

Russel Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 27th. This represents a $1.72 annualized dividend and a dividend yield of 3.4%. Russel Metals’s dividend payout ratio is presently 58.22%.

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.