Russel Metals (TSE:RUS) Price Target Raised to C$70.00 at Raymond James Financial

by · The Cerbat Gem

Russel Metals (TSE:RUS – Get Free Report) had its target price increased by research analysts at Raymond James Financial from C$65.00 to C$70.00 in a report issued on Friday,BayStreet.CA reports. Raymond James Financial’s target price suggests a potential upside of 12.90% from the stock’s current price.

Other analysts have also issued reports about the stock. Scotia upped their price objective on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 7th. BMO Capital Markets increased their price target on shares of Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. National Bank Financial increased their price target on shares of Russel Metals from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. TD Securities increased their price target on shares of Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Scotiabank increased their price target on shares of Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$60.06.

Read Our Latest Stock Analysis on RUS

Russel Metals Trading Down 3.0%

RUS stock traded down C$1.95 during mid-day trading on Friday, reaching C$62.00. 81,775 shares of the stock traded hands, compared to its average volume of 220,739. The company has a current ratio of 2.86, a quick ratio of 1.44 and a debt-to-equity ratio of 29.50. Russel Metals has a 52-week low of C$39.09 and a 52-week high of C$64.26. The company has a market cap of C$3.40 billion, a P/E ratio of 17.42, a P/E/G ratio of 0.59 and a beta of 1.16. The stock’s fifty day moving average is C$54.07 and its 200-day moving average is C$48.57.

Russel Metals (TSE:RUS – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$1.30 EPS for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%. The company had revenue of C$1.42 billion during the quarter.

Insider Buying and Selling at Russel Metals

In related news, Director Brian Robie Hedges sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of C$57.00, for a total transaction of C$570,000.00. Following the transaction, the director owned 30,000 shares of the company’s stock, valued at approximately C$1,710,000. This trade represents a 25.00% decrease in their ownership of the stock. Also, insider Martin Leb Juravsky sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of C$63.28, for a total transaction of C$316,400.00. Following the transaction, the insider directly owned 12,356 shares in the company, valued at approximately C$781,887.68. The trade was a 28.81% decrease in their position. Insiders sold a total of 63,935 shares of company stock worth $3,798,167 in the last ninety days. Insiders own 0.85% of the company’s stock.

Russel Metals Company Profile

(Get Free Report)

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.

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