Russel Metals (TSE:RUS) Price Target Raised to C$54.00

Russel Metals (TSE:RUS) had its target price upped by Scotiabank from C$52.00 to C$54.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 15.36% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Russel Metals from C$47.00 to C$51.00 in a report on Wednesday, January 14th. Stifel Nicolaus cut shares of Russel Metals from a “buy” rating to a “hold” rating and raised their target price for the stock from C$49.00 to C$50.50 in a research report on Friday, February 6th. Four 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 currently has an average rating of “Moderate Buy” and an average target price of C$54.42.

Russel Metals Trading Down 0.3%

Shares of Russel Metals stock traded down C$0.12 during trading on Friday, reaching C$46.81. 255,820 shares of the stock were exchanged, compared to its average volume of 212,841. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. The firm has a market cap of C$2.61 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 0.59 and a beta of 1.06. Russel Metals has a 1 year low of C$34.62 and a 1 year high of C$53.37. The stock’s fifty day moving average is C$45.97 and its 200 day moving average is C$42.96.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.63 earnings per share for the quarter. The business had revenue of C$1.17 billion during the quarter. Russel Metals had a return on equity of 11.03% and a net margin of 4.27%.

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.