Russel Metals (TSE:RUS) PT Lowered to C$54.00 at Stifel Nicolaus

Russel Metals (TSE:RUS) had its price objective cut by Stifel Nicolaus from C$55.50 to C$54.00 in a report issued on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

RUS has been the topic of a number of other research reports. BMO Capital Markets raised their target price on shares of Russel Metals from C$44.00 to C$46.00 and gave the stock an outperform rating in a report on Friday, February 9th. Scotiabank cut their price target on 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. Raymond James reduced their price objective on Russel Metals from C$52.00 to C$48.00 and set an outperform rating for the company in a research report on Wednesday, April 17th. Finally, TD Securities increased their target price on Russel Metals from C$43.00 to C$48.00 and gave the stock a hold rating in a research report on Monday, February 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of C$48.07.

Russel Metals Stock Performance

Shares of RUS opened at C$39.80 on Friday. The stock has a market capitalization of C$2.40 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54. The business’s fifty day moving average price is C$43.80 and its 200 day moving average price is C$41.69. The company has a debt-to-equity ratio of 25.76, a current ratio of 4.14 and a quick ratio of 1.44. Russel Metals has a 12-month low of C$33.38 and a 12-month high of C$47.39.

Russel Metals (TSE:RUS) last issued its 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. Equities research analysts forecast that Russel Metals will post 3.7672493 EPS for the current year.

Russel Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.02%. The ex-dividend date was Wednesday, February 28th. Russel Metals’s dividend payout ratio is currently 36.95%.

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.