Russel Metals (TSE:RUS) Price Target Raised to C$54.50 at Stifel Nicolaus

Russel Metals (TSE:RUS) had its price objective hoisted by equities research analysts at Stifel Nicolaus from C$53.00 to C$54.50 in a report released on Wednesday,BayStreet.CA reports. Stifel Nicolaus’ target price suggests a potential upside of 23.86% from the stock’s current price.

A number of other equities analysts have also commented on the company. Royal Bank of Canada lifted their price objective on Russel Metals from C$43.00 to C$45.00 in a research note on Friday, November 8th. BMO Capital Markets reduced their price objective on shares of Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. TD Securities lifted their target price on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, National Bankshares cut their price target on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Russel Metals presently has a consensus rating of “Moderate Buy” and an average target price of C$49.29.

Russel Metals Trading Up 2.7 %

TSE RUS traded up C$1.16 on Wednesday, hitting C$44.00. The company’s stock had a trading volume of 92,912 shares, compared to its average volume of 184,995. The firm has a market cap of C$2.58 billion, a PE ratio of 12.83, a PEG ratio of 0.59 and a beta of 1.52. The company’s 50-day moving average is C$39.75 and its 200 day moving average is C$38.73. The company has a quick ratio of 1.44, a current ratio of 3.85 and a debt-to-equity ratio of 16.88. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$47.39.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The company had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

About Russel Metals

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.