Russel Metals Inc. (TSE:RUS) Given Average Rating of “Buy” by Brokerages

Shares of Russel Metals Inc. (TSE:RUS) have been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$51.80.

Several analysts recently commented on RUS shares. Scotiabank upgraded shares of Russel Metals to a “strong-buy” rating in a research note on Friday, October 10th. TD Securities reduced their price target on shares of Russel Metals from C$52.00 to C$50.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Raymond James Financial decreased their price target on Russel Metals from C$56.00 to C$54.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. National Bankshares raised their price objective on Russel Metals from C$55.00 to C$56.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Stifel Nicolaus reduced their price objective on Russel Metals from C$49.00 to C$48.00 and set a “buy” rating for the company in a report on Friday, September 19th.

Russel Metals Price Performance

Shares of TSE RUS opened at C$39.27 on Monday. The firm has a market capitalization of C$2.19 billion, a P/E ratio of 13.45, a PEG ratio of 0.59 and a beta of 1.05. Russel Metals has a one year low of C$34.62 and a one year high of C$46.87. The company’s fifty day moving average is C$41.44 and its two-hundred day moving average is C$42.10. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37.

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 15th will be given a $0.43 dividend. The ex-dividend date is Thursday, November 27th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.4%. Russel Metals’s dividend payout ratio (DPR) is currently 58.22%.

Russel Metals Company Profile

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.