Russel Metals Inc. (TSE:RUS – Get Free Report) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$76.89.
Several equities analysts have commented on the stock. Scotiabank increased their price objective on shares of Russel Metals from C$76.00 to C$89.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 11th. BMO Capital Markets boosted their target price on shares of Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. National Bank Financial upped their target price on shares of Russel Metals from C$57.00 to C$75.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Scotia increased their price target on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada lifted their price target on Russel Metals from C$68.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th.
View Our Latest Research Report on Russel Metals
Insider Transactions at Russel Metals
Russel Metals Stock Up 1.1%
Shares of RUS opened at C$73.77 on Tuesday. The company has a debt-to-equity ratio of 27.88, a current ratio of 2.61 and a quick ratio of 1.44. The stock has a market capitalization of C$4.05 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. Russel Metals has a 1 year low of C$39.09 and a 1 year high of C$83.12. The business’s 50 day simple moving average is C$69.37 and its 200-day simple moving average is C$58.81.
Russel Metals (TSE:RUS – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 13.09%. The company had revenue of C$1.66 billion for the quarter.
Russel Metals Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 28th. Russel Metals’s dividend payout ratio (DPR) is presently 44.13%.
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.
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