Russel Metals (TSE:RUS) Price Target Raised to C$57.00 at Stifel Nicolaus

Russel Metals (TSE:RUS) had its price objective upped by Stifel Nicolaus from C$54.50 to C$57.00 in a research note released on Friday,BayStreet.CA reports.

RUS has been the topic of a number of other reports. Raymond James upped their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. National Bankshares dropped their price target on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Royal Bank of Canada increased their price objective on shares of Russel Metals from C$43.00 to C$45.00 in a report on Friday, November 8th. Finally, TD Securities lifted their target price on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$49.64.

Russel Metals Stock Performance

RUS stock opened at C$44.24 on Friday. The company has a 50 day moving average price of C$40.64 and a 200 day moving average price of C$38.90. Russel Metals has a fifty-two week low of C$35.20 and a fifty-two week high of C$47.39. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44. The stock has a market capitalization of C$2.60 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last released its earnings results 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). Russel Metals had a return on equity of 12.67% and a net margin of 4.87%. The firm had revenue of C$1.09 billion for the quarter, compared to the consensus estimate of C$1.06 billion.

Russel Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend 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.