Russel Metals Inc. (TSE:RUS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Russel Metals Inc. (TSE:RUS) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$54.42.

A number of research analysts have commented on RUS shares. National Bank Financial cut shares of Russel Metals from an “outperform” rating to a “hold” rating and upped their target price for the company from C$54.00 to C$56.00 in a research report on Friday, February 13th. Scotiabank boosted their price target on shares of Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Stifel Nicolaus increased their price objective on shares of Russel Metals from C$49.00 to C$50.50 and gave the stock a “hold” rating in a research report on Friday, February 13th. Royal Bank Of Canada lifted their target price on shares of Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, TD Securities upped their price target on Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research note on Friday, February 13th.

Russel Metals Trading Up 1.2%

RUS opened at C$47.73 on Friday. The stock has a market capitalization of C$2.63 billion, a PE ratio of 15.86, a P/E/G ratio of 0.59 and a beta of 1.06. Russel Metals has a one year low of C$34.62 and a one year high of C$53.37. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. The business’s 50 day moving average price is C$46.55 and its 200 day moving average price is C$43.06.

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, November 27th. This represents a $1.72 annualized dividend and a yield of 3.6%. Russel Metals’s dividend payout ratio is presently 56.81%.

Russel Metals Company Profile

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.