Shares of Russel Metals Inc. (TSE:RUS – Get Free Report) have received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$76.89.
Several research firms have recently weighed in on RUS. 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 research note on Thursday, May 7th. National Bank Financial lifted their price target 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. Royal Bank Of Canada upped their price objective on Russel Metals from C$68.00 to C$92.00 and gave the company an “outperform” rating in a report on Monday. BMO Capital Markets increased their price objective on Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. Finally, Scotiabank raised their target price on Russel Metals from C$76.00 to C$89.00 and gave the stock a “sector outperform” rating in a research note on Tuesday.
Check Out Our Latest Analysis on RUS
Key Russel Metals News
- Positive Sentiment: Analyst support: TD Securities, Stifel Nicolaus and RBC each reported expectations for further price appreciation in Russel Metals, reinforcing the recent bullish sentiment. TD analyst expects Russel Metals stock to rise Stifel Nicolaus expects Russel Metals stock to rise RBC forecasts strong price appreciation for Russel Metals
- Positive Sentiment: Higher Scotiabank target: Scotiabank raised its price target to C$89.00, implying additional upside from the stock’s recent trading level and providing a significant near-term catalyst. Scotiabank raises Russel Metals price target
- Neutral Sentiment: Insider transactions were mixed: Director Brian Robie Hedges bought 1,000 shares for approximately C$80,480 on August 13, but this followed the sale of 25,000 shares for approximately C$2.04 million on August 11. The net reduction in his holdings is a cautionary signal, although the new purchase may indicate some continued confidence. Russel Metals insider transactions
- Negative Sentiment: Valuation and consensus risk: The reported analyst consensus target of C$61.17 is well below the recent share price, suggesting that some analysts view the stock as fully valued or vulnerable to a pullback. Raymond James also downgraded Russel Metals to Hold, tempering the impact of the more bullish forecasts. Russel Metals consensus price target Raymond James downgrades Russel Metals to Hold
Russel Metals Trading Up 1.0%
Shares of RUS stock opened at C$80.50 on Friday. The company’s 50-day moving average price is C$66.33 and its 200-day moving average price is C$56.60. 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 stock has a market cap of C$4.42 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.59 and a beta of 1.21. Russel Metals has a twelve month low of C$39.09 and a twelve month high of C$83.12.
Russel Metals (TSE:RUS – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.63 earnings per share (EPS) for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 13.09%. The firm had revenue of C$1.66 billion during the quarter.
Russel Metals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, May 28th. Russel Metals’s dividend payout ratio (DPR) is presently 44.13%.
Insider Activity at Russel Metals
In related news, Director James Francis Dinning sold 2,500 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of C$62.10, for a total transaction of C$155,250.00. Following the completion of the transaction, the director owned 19,250 shares of the company’s stock, valued at approximately C$1,195,425. This trade represents a 11.49% decrease in their position. Also, Director Brian Robie Hedges bought 1,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of C$80.48 per share, for a total transaction of C$80,480.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at C$80,480. This trade represents a ∞ increase in their ownership of the stock. Insiders have sold a total of 83,935 shares of company stock valued at $5,614,145 in the last quarter. Corporate insiders own 0.85% of the company’s stock.
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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