Russel Metals (TSE:RUS) Given New C$45.00 Price Target at TD Securities

Russel Metals (TSE:RUS) had its price target trimmed by TD Securities from C$48.00 to C$45.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other equities analysts also recently issued research reports about the stock. Raymond James dropped their price objective on shares of Russel Metals from C$52.00 to C$48.00 and set an outperform rating for the company in a research note on Wednesday, April 17th. BMO Capital Markets increased their price objective on shares of 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. Stifel Nicolaus dropped their price objective on shares of Russel Metals from C$55.50 to C$54.00 and set a buy rating for the company in a research note on Friday, April 19th. Finally, Scotiabank dropped their price objective on shares of Russel Metals from C$50.00 to C$48.50 and set a sector perform rating for the company in a research note on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of C$47.64.

Russel Metals Stock Performance

Shares of Russel Metals stock opened at C$39.27 on Thursday. The company has a 50 day moving average of C$43.57 and a 200-day moving average of C$41.70. Russel Metals has a 1-year low of C$33.38 and a 1-year high of C$47.39. The company has a current ratio of 4.14, a quick ratio of 1.44 and a debt-to-equity ratio of 25.76. The company has a market cap of C$2.37 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54.

Russel Metals (TSE:RUS) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.78 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.06. Russel Metals had a net margin of 5.92% and a return on equity of 16.67%. The company had revenue of C$1.02 billion during the quarter, compared to the consensus estimate of C$1.06 billion. As a group, equities research analysts forecast that Russel Metals will post 3.7672493 earnings per share for the current fiscal year.

Russel Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Wednesday, February 28th. Russel Metals’s dividend payout ratio (DPR) is presently 36.95%.

Russel Metals Company Profile

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.