Russel Metals Inc. (TSE:RUS) Given Consensus Rating of “Moderate Buy” by Analysts

Russel Metals Inc. (TSE:RUSGet 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

In other news, insider Martin Leb Juravsky sold 5,682 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of C$80.40, for a total transaction of C$456,832.80. Following the transaction, the insider owned 6,674 shares of the company’s stock, valued at approximately C$536,589.60. The trade was a 45.99% decrease in their position. Also, Director James Francis Dinning sold 3,000 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of C$80.00, for a total value of C$240,000.00. Following the sale, the director owned 16,250 shares in the company, valued at C$1,300,000. The trade was a 15.58% decrease in their position. In the last 90 days, insiders sold 53,682 shares of company stock worth $3,998,583. 0.85% of the stock is currently owned by company insiders.

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:RUSGet 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

(Get Free Report)

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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Analyst Recommendations for Russel Metals (TSE:RUS)

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