Russel Metals (TSE:RUS – Free Report) had its price target boosted by National Bank Financial from C$75.00 to C$101.00 in a report published on Thursday morning,BayStreet reports. They currently have a sector perform rating on the stock.
Several other equities analysts have also recently weighed in on the company. Scotiabank set a C$113.00 price target on Russel Metals and gave the company a “sector outperform” rating in a research report on Thursday. Raymond James Financial lowered Russel Metals from a “moderate buy” rating to a “hold” rating and boosted their price objective for the company from C$70.00 to C$82.00 in a research note on Monday, August 10th. TD set a C$94.00 price objective on Russel Metals and gave the stock a “buy” rating in a report on Monday, September 21st. Royal Bank Of Canada increased their price objective on Russel Metals from C$92.00 to C$107.00 in a report on Wednesday, September 30th. Finally, Stifel Nicolaus raised their target price on Russel Metals from C$64.00 to C$85.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$84.11.
Read Our Latest Analysis on RUS
Russel Metals Stock Performance
Shares of RUS stock opened at C$91.08 on Thursday. The stock has a market capitalization of C$5.00 billion, a P/E ratio of 23.23, a PEG ratio of 0.59 and a beta of 0.95. The company has a current ratio of 2.61, a quick ratio of 1.44 and a debt-to-equity ratio of 27.88. The firm’s 50 day moving average is C$81.26 and its 200 day moving average is C$67.26. Russel Metals has a 12 month low of C$39.09 and a 12 month high of C$95.97.
Russel Metals (TSE:RUS – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.63 EPS 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 during the quarter.
Russel Metals Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.76 annualized dividend and a dividend yield of 1.9%. Russel Metals’s payout ratio is presently 44.13%.
Insider Transactions at Russel Metals
In related news, insider Martin Leb Juravsky sold 5,682 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$80.40, for a total value of C$456,832.80. Following the sale, the insider directly owned 6,674 shares of the company’s stock, valued at C$536,589.60. This trade represents a 45.99% decrease in their ownership of the stock. Also, Director Brian Robie Hedges sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$81.54, for a total transaction of C$2,038,500.00. Over the last 90 days, insiders sold 33,682 shares of company stock valued at $2,735,333. 0.85% of the stock is owned by corporate insiders.
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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