Russel Metals (TSE:RUS) Price Target Raised to C$85.00 at Stifel Nicolaus

Russel Metals (TSE:RUS) had its target price boosted by equities research analysts at Stifel Nicolaus from C$64.00 to C$85.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 4.08% from the stock’s previous close.

RUS has been the topic of several other reports. Scotia lifted their target price on Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 7th. TD increased their price target on Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Royal Bank Of Canada raised their price target on Russel Metals from C$63.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 30th. Raymond James Financial lifted their price objective on Russel Metals from C$65.00 to C$70.00 in a report on Friday, June 5th. Finally, National Bank Financial boosted their price objective on Russel Metals from C$52.00 to C$57.00 and gave the company a “sector perform” rating in a research report on Monday, July 13th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Russel Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of C$70.11.

Russel Metals Trading Up 0.9%

TSE:RUS traded up C$0.71 during trading hours on Monday, hitting C$81.67. The stock had a trading volume of 197,415 shares, compared to its average volume of 231,029. The business’s 50 day moving average is C$64.91 and its 200-day moving average is C$55.68. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86. The company has a market cap of C$4.48 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 0.59 and a beta of 1.21. Russel Metals has a one year low of C$39.09 and a one year high of C$81.72.

Russel Metals (TSE:RUS) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%. The company had revenue of C$1.66 billion for the quarter.

Insider Activity at Russel Metals

In related news, insider John Gregory Reid sold 28,935 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of C$58.62, for a total transaction of C$1,696,169.70. Following the completion of the transaction, the insider directly owned 306,147 shares in the company, valued at approximately C$17,946,337.14. This trade represents a 8.64% decrease in their ownership of the stock. Also, Director Brian Robie Hedges sold 10,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$63.25, for a total value of C$632,500.00. Insiders sold a total of 58,935 shares of company stock valued at $3,575,645 in the last quarter. 0.85% of the stock is currently owned by company insiders.

About Russel Metals

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.