Stifel Nicolaus Issues Positive Forecast for Russel Metals (TSE:RUS) Stock Price

Russel Metals (TSE:RUS) had its price target upped by Stifel Nicolaus from C$53.00 to C$54.50 in a report released on Wednesday,BayStreet.CA reports.

Several other brokerages have also recently issued reports on RUS. BMO Capital Markets dropped their price target on Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their target price on Russel Metals from C$43.00 to C$45.00 in a report on Friday, November 8th. TD Securities increased their price target on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, National Bankshares lowered their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Russel Metals presently has an average rating of “Moderate Buy” and an average target price of C$49.29.

Russel Metals Stock Up 1.8 %

Russel Metals stock opened at C$43.61 on Wednesday. The company has a market capitalization of C$2.56 billion, a P/E ratio of 12.71, a PEG ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. Russel Metals has a fifty-two week low of C$35.20 and a fifty-two week high of C$47.39. The stock has a 50-day simple moving average of C$39.87 and a 200-day simple moving average of C$38.76.

Russel Metals (TSE:RUS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The firm had revenue of C$1.09 billion during the quarter, compared to analysts’ expectations of C$1.06 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

Russel Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.85%. The ex-dividend date is Wednesday, November 27th. Russel Metals’s payout ratio is 48.98%.

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.