Russel Metals (TSE:RUS – Free Report) had its target price hoisted by Stifel Nicolaus from C$53.00 to C$54.50 in a report released on Wednesday,BayStreet.CA reports.
A number of other analysts have also issued reports on the company. National Bankshares cut their target price on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. BMO Capital Markets decreased their target price on Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. Royal Bank of Canada lifted their target price on Russel Metals from C$43.00 to C$45.00 in a research report on Friday, November 8th. Finally, TD Securities increased their price target on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$49.29.
Check Out Our Latest Report on RUS
Russel Metals Price Performance
Russel Metals (TSE:RUS – Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported C$0.59 EPS for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). Russel Metals had a net margin of 4.87% and a return on equity of 12.67%. The company had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.06 billion.
Russel Metals Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.68 annualized dividend and a yield of 3.90%. Russel Metals’s dividend payout ratio (DPR) is 48.98%.
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.
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