Russel Metals (TSE:RUS – Get Free Report) had its target price reduced by research analysts at Raymond James from C$52.00 to C$48.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 21.80% from the stock’s previous close.
RUS has been the topic of several other reports. TD Securities boosted their target price on Russel Metals from C$43.00 to C$48.00 and gave the stock a “hold” rating in a report on Monday, February 12th. BMO Capital Markets boosted their target price on Russel Metals from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Scotiabank reduced their target price on Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating on the stock in a report on Wednesday. Stifel Nicolaus reduced their target price on Russel Metals from C$56.00 to C$55.50 in a report on Wednesday, March 13th. Finally, Royal Bank of Canada boosted their target price on Russel Metals from C$42.00 to C$47.00 in a report on Tuesday, December 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$48.29.
Russel Metals Price Performance
Russel Metals (TSE:RUS – Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported C$0.78 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.06. The company had revenue of C$1.02 billion for the quarter, compared to the consensus estimate of C$1.06 billion. Russel Metals had a return on equity of 16.67% and a net margin of 5.92%. As a group, analysts anticipate that Russel Metals will post 3.7672493 EPS for the current year.
About Russel Metals
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.
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