Russel Metals Inc. (TSE:RUS – Get Rating) has been assigned an average recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is C$39.61.
Several analysts have issued reports on RUS shares. Stifel Nicolaus started coverage on Russel Metals in a report on Wednesday, March 16th. They set a “buy” rating and a C$36.00 price objective on the stock. Standpoint Research restated a “buy” rating and set a C$40.00 price objective (up previously from C$39.00) on shares of Russel Metals in a report on Thursday, May 5th. TD Securities boosted their price objective on Russel Metals from C$40.00 to C$41.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. Royal Bank of Canada boosted their price objective on Russel Metals from C$41.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, May 5th. Finally, Scotiabank boosted their price objective on Russel Metals from C$37.00 to C$38.50 in a report on Thursday, May 5th.
Shares of Russel Metals stock opened at C$25.04 on Friday. The company has a current ratio of 2.94, a quick ratio of 1.38 and a debt-to-equity ratio of 30.92. The company’s 50-day moving average price is C$31.40 and its two-hundred day moving average price is C$32.14. Russel Metals has a 52 week low of C$24.65 and a 52 week high of C$37.57. The stock has a market cap of C$1.58 billion and a PE ratio of 3.50.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 15th were issued a $0.38 dividend. The ex-dividend date was Thursday, May 26th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.07%. Russel Metals’s dividend payout ratio is 21.24%.
About Russel Metals (Get Rating)
Russel Metals Inc operates as a metal distribution company in North America. The company operates through three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metal Service Centers segment sells plates, flat rolled carbon, stainless steel, aluminum, and other non-ferrous specialty metal products, as well as general line steel products, such as plates, structural shapes, bars, sheets, pipes, tubing, and hollow structural steel tubing.
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