National Bank Financial Has Lowered Expectations for Russel Metals (TSE:RUS) Stock Price

Russel Metals (TSE:RUS) had its price target lowered by analysts at National Bank Financial from C$56.00 to C$51.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 2.08% from the stock’s current price.

Several other brokerages have also commented on RUS. Scotiabank increased their price objective on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Stifel Nicolaus upped their target price on Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a research report on Friday, February 13th. Royal Bank Of Canada increased their price target on Russel Metals from C$51.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, TD Securities increased their price target on Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Russel Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of C$53.58.

Russel Metals Stock Up 3.7%

Russel Metals stock traded up C$1.76 during mid-day trading on Wednesday, reaching C$49.96. 93,196 shares of the company were exchanged, compared to its average volume of 228,991. The business has a fifty day moving average of C$47.98 and a 200 day moving average of C$44.50. The company has a debt-to-equity ratio of 30.44, a quick ratio of 1.44 and a current ratio of 3.06. The firm has a market cap of C$2.75 billion, a P/E ratio of 16.60, a PEG ratio of 0.59 and a beta of 0.87. Russel Metals has a 12-month low of C$35.24 and a 12-month high of C$53.37.

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

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.