Russel Metals (TSE:RUS – Get Free Report) had its target price lifted by research analysts at Raymond James Financial from C$82.00 to C$92.00 in a note issued to investors on Wednesday, BayStreet reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 1.15% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Royal Bank Of Canada increased their target price on Russel Metals from C$92.00 to C$107.00 in a report on Wednesday, September 30th. National Bank Financial boosted their price target on Russel Metals from C$75.00 to C$101.00 and gave the company a “sector perform” rating in a report on Thursday, October 15th. Scotiabank set a C$113.00 price target on Russel Metals and gave the company a “sector outperform” rating in a report on Thursday, October 15th. TD set a C$94.00 price target on Russel Metals and gave the company a “buy” rating in a research report on Monday, September 21st. Finally, Stifel Nicolaus upped their price target on Russel Metals from C$64.00 to C$85.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$85.22.
Get Our Latest Analysis on RUS
Russel Metals Stock Down 0.3%
TSE:RUS traded down C$0.27 during mid-day trading on Wednesday, reaching C$90.95. The stock had a trading volume of 134,317 shares, compared to its average volume of 222,223. The company has a market capitalization of C$4.99 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. Russel Metals has a 1-year low of C$39.09 and a 1-year high of C$95.97. The stock’s 50 day simple moving average is C$81.70 and its two-hundred day simple moving average is C$68.02. The company has a debt-to-equity ratio of 27.88, a current ratio of 2.61 and a quick ratio of 1.44.
Russel Metals (TSE:RUS – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%. The firm had revenue of C$1.66 billion during the quarter.
Insider Activity at Russel Metals
In other Russel Metals news, Director Brian Robie Hedges acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average price of C$80.48 per share, for a total transaction of C$80,480.00. Following the completion of the purchase, the director directly owned 1,000 shares in the company, valued at C$80,480. The trade was a ∞ increase in their ownership of the stock. Also, insider Martin Leb Juravsky sold 5,682 shares of the stock in a transaction dated 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 sale, the insider owned 6,674 shares in the company, valued at approximately C$536,589.60. This trade represents a 45.99% decrease in their position. Insiders sold a total of 33,682 shares of company stock valued at $2,735,333 in the last quarter. Insiders own 0.85% of the company’s stock.
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.
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