Russel Metals (TSE:RUS) Reaches New 12-Month High – Time to Buy?

Russel Metals Inc. (TSE:RUS) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$49.74 and last traded at C$49.64, with a volume of 55632 shares traded. The stock had previously closed at C$48.80.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RUS. Scotiabank lifted their target price on shares of Russel Metals from C$48.00 to C$52.00 in a research note on Thursday, January 29th. Royal Bank Of Canada raised their price objective on shares of Russel Metals from C$47.00 to C$51.00 in a report on Wednesday, January 14th. Finally, National Bankshares increased their target price on Russel Metals from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$51.83.

Russel Metals Stock Up 2.0%

The company’s fifty day moving average price is C$44.56 and its 200-day moving average price is C$42.66. The stock has a market capitalization of C$2.77 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.59 and a beta of 1.10. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28.

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

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Thursday, November 27th. Russel Metals’s dividend payout ratio (DPR) is currently 58.22%.

About Russel Metals

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.