Russel Metals (TSE:RUS) Hits New 52-Week High – Should You Buy?

Russel Metals Inc. (TSE:RUS) hit a new 52-week high on Wednesday . The company traded as high as C$52.61 and last traded at C$52.23, with a volume of 53559 shares. The stock had previously closed at C$51.89.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada boosted their target price on Russel Metals from C$51.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. National Bank Financial lowered their price target on shares of Russel Metals from C$56.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th. TD Securities increased their price objective on Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Friday, February 13th. Scotiabank raised their target price on Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Stifel Nicolaus raised their target price on 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. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$53.58.

Russel Metals Trading Down 0.1%

The firm’s 50-day moving average price is C$48.67 and its 200-day moving average price is C$45.60. The company has a quick ratio of 1.44, a current ratio of 3.06 and a debt-to-equity ratio of 30.44. The company has a market cap of C$2.91 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 0.59 and a beta of 0.87.

Russel Metals (TSE:RUS) last announced its quarterly earnings results on Wednesday, February 11th. The company reported C$0.55 EPS for the quarter. The company had revenue of C$1.09 billion for the quarter. Russel Metals had a net margin of 3.64% and a return on equity of 10.44%.

About Russel Metals

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.