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

Shares of Russel Metals Inc. (TSE:RUS) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$60.06.

RUS has been the topic of several analyst reports. BMO Capital Markets raised their price target on shares of Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Royal Bank Of Canada raised their price objective on shares of Russel Metals from C$55.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Scotia upped their price target on shares of Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 7th. Stifel Nicolaus raised their price target on shares of Russel Metals from C$49.00 to C$58.50 and gave the company a “hold” rating in a report on Thursday, May 7th. Finally, National Bank Financial raised their price target on shares of Russel Metals from C$51.00 to C$52.00 and gave the company an “outperform” rating in a report on Thursday, May 7th.

Russel Metals Stock Performance

Shares of RUS stock opened at C$62.89 on Thursday. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86. Russel Metals has a one year low of C$39.09 and a one year high of C$64.26. The company’s 50-day simple moving average is C$56.70 and its 200-day simple moving average is C$49.98. The stock has a market capitalization of C$3.45 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 0.59 and a beta of 1.16.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$1.30 earnings per share for the quarter. The firm had revenue of C$1.42 billion for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%.

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, May 28th. Russel Metals’s dividend payout ratio (DPR) is 48.31%.

Insider Activity at Russel Metals

In other news, Director James Francis Dinning sold 2,500 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of C$62.10, for a total transaction of C$155,250.00. Following the transaction, the director owned 19,250 shares in the company, valued at approximately C$1,195,425. The trade was a 11.49% decrease in their position. Also, insider Martin Leb Juravsky sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of C$63.28, for a total transaction of C$316,400.00. Following the transaction, the insider owned 12,356 shares in the company, valued at approximately C$781,887.68. The trade was a 28.81% decrease in their position. In the last quarter, insiders have sold 73,935 shares of company stock worth $4,430,667. 0.85% of the stock is owned by company insiders.

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.