Analysts Set Russel Metals Inc. (TSE:RUS) PT at C$60.06

Russel Metals Inc. (TSE:RUS) has earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$60.06.

RUS has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. National Bank Financial raised their target price on shares of Russel Metals from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Royal Bank Of Canada raised their target price on shares of Russel Metals from C$55.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Raymond James Financial raised their target price on shares of Russel Metals from C$65.00 to C$70.00 in a research report on Friday, June 5th. Finally, TD raised their target price on shares of Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research report on Monday, May 11th.

Insider Transactions at Russel Metals

In other news, Director Brian Robie Hedges sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$63.25, for a total value of C$632,500.00. Also, insider Martin Leb Juravsky sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of C$63.28, for a total value of C$316,400.00. Following the completion of the transaction, the insider owned 12,356 shares of the company’s stock, valued at approximately C$781,887.68. The trade was a 28.81% decrease in their position. In the last quarter, insiders have sold 73,935 shares of company stock worth $4,430,667. 0.85% of the stock is owned by company insiders.

Russel Metals Trading Down 2.8%

TSE RUS opened at C$60.03 on Thursday. Russel Metals has a fifty-two week low of C$39.09 and a fifty-two week high of C$64.26. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86. The stock has a 50 day simple moving average of C$57.95 and a two-hundred day simple moving average of C$50.74. The stock has a market cap of C$3.30 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 0.59 and a beta of 1.16.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$1.30 earnings per share for the quarter. Russel Metals had a return on equity of 12.22% and a net margin of 4.04%.The business had revenue of C$1.42 billion during the quarter.

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, May 28th. Russel Metals’s dividend payout ratio (DPR) is presently 48.31%.

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.