Russel Metals Inc. (TSE:RUS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Russel Metals Inc. (TSE:RUS – Get Free Report) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$47.64.

RUS has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price target on Russel Metals from C$55.50 to C$54.00 and set a “buy” rating for the company in a report on Friday, April 19th. Raymond James lowered their target price on 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. TD Securities cut their price target on shares of Russel Metals from C$48.00 to C$45.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. BMO Capital Markets increased their price objective on shares of Russel Metals from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. 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 on the stock in a report on Wednesday, April 17th.

Check Out Our Latest Stock Analysis on RUS

Russel Metals Stock Down 3.1 %

Shares of TSE RUS opened at C$38.52 on Friday. Russel Metals has a 52-week low of C$33.38 and a 52-week high of C$47.39. The company has a debt-to-equity ratio of 25.76, a quick ratio of 1.44 and a current ratio of 4.14. The stock has a market cap of C$2.31 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.59 and a beta of 1.54. The firm has a 50 day moving average price of C$42.63 and a 200 day moving average price of C$41.85.

Russel Metals (TSE:RUS – Get Free Report) last announced 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 for the quarter, compared to analysts’ expectations of C$1.06 billion. Analysts expect that Russel Metals will post 3.5926623 EPS for the current year.

Russel Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, May 29th. This is an increase from Russel Metals’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.36%. Russel Metals’s dividend payout ratio (DPR) is 36.95%.

Russel Metals Company Profile

(Get Free Report

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.