Russel Metals Inc. (TSE:RUS) Receives Consensus Rating of “Moderate Buy” from Analysts

Russel Metals Inc. (TSE:RUS) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$47.64.

Several research firms have weighed in on RUS. Stifel Nicolaus dropped their price objective on shares of Russel Metals from C$55.50 to C$54.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. BMO Capital Markets upped their price target on shares of Russel Metals from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. TD Securities reduced their price objective on Russel Metals from C$48.00 to C$45.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Raymond James lowered their target price on Russel Metals from C$52.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Finally, Scotiabank cut their price target on Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 17th.

Russel Metals Stock Up 0.5 %

TSE:RUS opened at C$38.27 on Thursday. The business’s fifty day moving average price is C$40.06 and its 200 day moving average price is C$42.30. The firm has a market capitalization of C$2.30 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 0.59 and a beta of 1.57. The company has a current ratio of 4.37, a quick ratio of 1.44 and a debt-to-equity ratio of 25.43. Russel Metals has a 1-year low of C$33.38 and a 1-year high of C$47.39.

Russel Metals (TSE:RUS) last released its earnings results on Wednesday, May 1st. The company reported C$0.82 earnings per share for the quarter, beating the consensus estimate of C$0.80 by C$0.02. The company had revenue of C$1.06 billion for the quarter, compared to analysts’ expectations of C$1.16 billion. Russel Metals had a return on equity of 14.72% and a net margin of 5.54%. On average, sell-side analysts forecast that Russel Metals will post 3.5267452 earnings per share for the current fiscal year.

Russel Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, June 14th will be issued a $0.42 dividend. This is a positive change from Russel Metals’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Wednesday, May 29th. Russel Metals’s payout ratio is 42.42%.

Russel Metals Company Profile

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.