Russel Metals (TSE:RUS) Given New C$50.00 Price Target at TD Securities

Russel Metals (TSE:RUS) had its target price hoisted by TD Securities from C$46.00 to C$50.00 in a research report released on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms have also commented on RUS. Royal Bank of Canada upped their price target on Russel Metals from C$43.00 to C$45.00 in a research report on Friday, November 8th. National Bankshares reduced their price objective 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. BMO Capital Markets dropped their target price on shares of Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus decreased their price target on shares of Russel Metals from C$55.00 to C$52.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$47.79.

Russel Metals Price Performance

RUS opened at C$42.84 on Tuesday. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44. Russel Metals has a 1 year low of C$35.20 and a 1 year high of C$47.39. The stock’s 50 day simple moving average is C$39.75 and its 200 day simple moving average is C$38.73. The firm has a market cap of C$2.51 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.59 and a beta of 1.52.

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

Russel Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.68 annualized dividend and a dividend yield of 3.92%. Russel Metals’s payout ratio is 48.98%.

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.