Russel Metals (TSE:RUS) Price Target Raised to C$92.00

by · The Markets Daily

Russel Metals (TSE:RUS – Free Report) had its target price hoisted by Raymond James Financial from C$82.00 to C$92.00 in a research report report published on Wednesday morning,BayStreet reports. They currently have a market perform rating on the stock.

RUS has been the topic of a number of other research reports. Royal Bank Of Canada increased their price objective on shares of Russel Metals from C$92.00 to C$107.00 in a research note on Wednesday, September 30th. National Bank Financial raised their target price on shares of Russel Metals from C$75.00 to C$101.00 and gave the stock a “sector perform” rating in a report on Thursday, October 15th. Stifel Nicolaus boosted their target price on shares of Russel Metals from C$64.00 to C$85.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Scotiabank set a C$113.00 price target on shares of Russel Metals and gave the company a “sector outperform” rating in a report on Thursday, October 15th. Finally, TD set a C$94.00 price objective on Russel Metals and gave the company a “buy” rating in a report on Monday, September 21st. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$85.22.

View Our Latest Research Report on RUS

Russel Metals Price Performance

Shares of TSE RUS opened at C$88.06 on Wednesday. Russel Metals has a 52 week low of C$39.09 and a 52 week high of C$95.97. The business’s 50 day moving average price is C$82.26 and its 200 day moving average price is C$68.75. The company has a quick ratio of 1.44, a current ratio of 2.61 and a debt-to-equity ratio of 27.88. The firm has a market cap of C$4.84 billion, a P/E ratio of 22.46, a P/E/G ratio of 0.59 and a beta of 0.95.

Russel Metals (TSE:RUS – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 13.09%. The company had revenue of C$1.66 billion for the quarter.

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, August 28th. Russel Metals’s payout ratio is 44.13%.

Insider Activity

In related news, insider Martin Leb Juravsky sold 5,682 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$80.40, for a total value of C$456,832.80. Following the completion of the transaction, the insider directly owned 6,674 shares in the company, valued at C$536,589.60. The trade was a 45.99% decrease in their position. Also, Director James Francis Dinning sold 3,000 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of C$80.00, for a total transaction of C$240,000.00. Following the sale, the director directly owned 16,250 shares in the company, valued at C$1,300,000. This trade represents a 15.58% decrease in their ownership of the stock. Insiders sold a total of 33,682 shares of company stock valued at $2,735,333 in the last three months. 0.85% of the stock is currently owned by corporate insiders.

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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