Russel Metals (TSE:RUS) Price Target Cut to C$44.00 by Analysts at TD Securities

Russel Metals (TSE:RUS) had its price target reduced by TD Securities from C$45.00 to C$44.00 in a research report report published on Friday, BayStreet.CA reports.

Several other research analysts also recently commented on RUS. Raymond James dropped their price objective on shares of 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. National Bankshares dropped their price objective on shares of Russel Metals from C$48.00 to C$47.00 and set an outperform rating for the company in a report on Tuesday, July 16th. BMO Capital Markets dropped their price objective on shares of Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. Scotiabank lowered their price target on shares of Russel Metals from C$50.00 to C$48.50 and set a sector perform rating for the company in a report on Wednesday, April 17th. Finally, Stifel Nicolaus lowered their price target on shares of 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Russel Metals currently has an average rating of Moderate Buy and a consensus price target of C$46.64.

Russel Metals Stock Down 1.8 %

Shares of RUS stock opened at C$38.60 on Friday. The company’s fifty day simple moving average is C$37.76 and its two-hundred day simple moving average is C$40.88. Russel Metals has a 52 week low of C$33.38 and a 52 week high of C$47.39. The stock has a market cap of C$2.32 billion, a P/E ratio of 9.75, a PEG ratio of 0.59 and a beta of 1.57. The company has a quick ratio of 1.44, a current ratio of 4.37 and a debt-to-equity ratio of 25.43.

Russel Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Wednesday, August 28th. Russel Metals’s dividend payout ratio (DPR) is presently 42.42%.

Insider Transactions at Russel Metals

In related news, Director Stewart Burton bought 3,000 shares of Russel Metals stock in a transaction dated Friday, June 21st. The shares were acquired at an average cost of C$36.35 per share, with a total value of C$109,050.00. Corporate insiders own 0.81% of the company’s stock.

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.