Russel Metals (TSE:RUS) Price Target Raised to C$63.00 at Royal Bank Of Canada

Russel Metals (TSE:RUS) had its target price lifted by Royal Bank Of Canada from C$55.00 to C$63.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently commented on RUS. BMO Capital Markets upped their price target on shares of Russel Metals from C$51.00 to C$56.00 in a report on Wednesday. TD Securities upped their price target on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Friday, February 13th. Stifel Nicolaus upped their price target on shares of Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a report on Friday, February 13th. Scotia upped their price target on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a report on Thursday. Finally, National Bank Financial cut their price target on shares of Russel Metals from C$56.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$58.94.

Russel Metals Stock Performance

Shares of TSE:RUS opened at C$56.21 on Thursday. The company has a market capitalization of C$3.09 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 0.59 and a beta of 0.95. Russel Metals has a 12 month low of C$39.09 and a 12 month high of C$58.69. The firm’s 50-day moving average is C$49.14 and its 200 day moving average is C$45.97. The company has a current ratio of 3.06, a quick ratio of 1.44 and a debt-to-equity ratio of 30.44.

Russel Metals (TSE:RUS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$1.30 EPS for the quarter. The company had revenue of C$1.42 billion for the quarter. Russel Metals had a net margin of 3.64% and a return on equity of 10.44%.

Russel Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.1%. Russel Metals’s dividend payout ratio (DPR) is 56.81%.

Russel Metals News Summary

Here are the key news stories impacting Russel Metals this week:

• Positive Sentiment: Raymond James raised its price target to C$65.00 and kept an “outperform” rating, implying ~15.1% upside versus the current share level. Raymond James raises target
• Positive Sentiment: Royal Bank of Canada raised its target to C$63.00 and moved to “outperform,” implying ~11.5% upside. RBC raises target TickerReport
• Positive Sentiment: Scotia raised its target to C$62.00 and assigned a “sector outperform” — roughly a 9.8% implied upside. Scotia raises target
• Positive Sentiment: Stifel Nicolaus lifted its target to C$58.50 and kept a “hold” rating (≈3.6% implied upside). Stifel raises target
• Positive Sentiment: Russel declared a quarterly dividend of C$0.44 per share (annualized yield ~3.1%); record date is June 15 and the ex-dividend date is May 28 — a shareholder-friendly move that supports income-focused investors.
• Neutral Sentiment: BMO Capital Markets raised its target to C$56.00 (a modest change that still implies a small ~1.5% downside vs. the current level) — a mixed signal despite the raise. BMO raises target
• Negative Sentiment: National Bank Financial raised its target to C$52.00 but kept an “outperform” — that target sits ~7.9% below the current share price and could weigh on sentiment for short-term traders. National Bank raises target

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.