Russel Metals (TSE:RUS) Given New C$45.00 Price Target at TD Securities

Russel Metals (TSE:RUS) had its price objective cut by TD Securities from C$48.00 to C$45.00 in a research report released on Thursday, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other equities analysts also recently commented on the company. Raymond James decreased their target price on Russel Metals from C$52.00 to C$48.00 and set an outperform rating for the company in a report on Wednesday, April 17th. Stifel Nicolaus reduced 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. Scotiabank cut their price objective 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. Finally, BMO Capital Markets upped their target price on Russel Metals from C$44.00 to C$46.00 and gave the stock an outperform rating in a research note on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Russel Metals presently has a consensus rating of Moderate Buy and an average price target of C$47.64.

Russel Metals Trading Down 1.2 %

Shares of RUS opened at C$39.27 on Thursday. The business’s 50-day moving average price is C$43.57 and its 200-day moving average price is C$41.70. Russel Metals has a twelve month low of C$33.38 and a twelve month high of C$47.39. The stock has a market cap of C$2.37 billion, a PE ratio of 9.07, a P/E/G ratio of 0.59 and a beta of 1.54. The company has a quick ratio of 1.44, a current ratio of 4.14 and a debt-to-equity ratio of 25.76.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$0.78 earnings per share for the quarter, topping the consensus estimate of C$0.72 by C$0.06. The company had revenue of C$1.02 billion for the quarter, compared to analysts’ expectations of C$1.06 billion. Russel Metals had a net margin of 5.92% and a return on equity of 16.67%. On average, equities analysts forecast that Russel Metals will post 3.7672493 EPS for the current fiscal year.

Russel Metals Announces Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.07%. Russel Metals’s dividend payout ratio (DPR) is presently 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.