Russel Metals Inc. (TSE:RUS) Receives Average Rating of “Moderate Buy” from Brokerages

Russel Metals Inc. (TSE:RUS) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$48.79.

RUS has been the subject of a number of analyst reports. BMO Capital Markets lifted their price target on Russel Metals from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Royal Bank of Canada upped their price target on Russel Metals from C$42.00 to C$47.00 in a report on Tuesday, December 19th. Raymond James raised their price objective on Russel Metals from C$47.00 to C$50.00 in a research note on Wednesday, December 20th. TD Securities upped their target price on shares of Russel Metals from C$43.00 to C$48.00 and gave the stock a “hold” rating in a research note on Monday, February 12th. Finally, Scotiabank raised their price target on shares of Russel Metals from C$46.50 to C$50.00 and gave the company a “sector perform” rating in a research report on Monday, February 12th.

Russel Metals Price Performance

Shares of RUS opened at C$40.73 on Wednesday. The business’s fifty day moving average is C$44.21 and its 200 day moving average is C$41.61. Russel Metals has a 12-month low of C$32.42 and a 12-month high of C$47.39. The company has a quick ratio of 1.44, a current ratio of 4.14 and a debt-to-equity ratio of 25.76. The stock has a market cap of C$2.46 billion, a P/E ratio of 9.41, a P/E/G ratio of 0.59 and a beta of 1.54.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Thursday, February 8th. The company reported C$0.78 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.06. The firm had revenue of C$1.02 billion for the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a net margin of 5.92% and a return on equity of 16.67%. Sell-side analysts anticipate that Russel Metals will post 3.7672493 earnings per share for the current fiscal year.

Russel Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Wednesday, February 28th. Russel Metals’s dividend payout ratio (DPR) is currently 36.95%.

About Russel Metals

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.