Russel Metals (TSE:RUS) PT Lowered to C$55.50

Russel Metals (TSE:RUS) had its price objective lowered by investment analysts at Stifel Nicolaus from C$56.00 to C$55.50 in a report issued on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ price target indicates a potential upside of 27.21% from the company’s previous close.

Several other analysts also recently weighed in on RUS. TD Securities lifted their price target on shares of Russel Metals from C$43.00 to C$48.00 and gave the company a “hold” rating in a research note on Monday, February 12th. National Bankshares raised Russel Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$42.00 to C$45.00 in a research report on Tuesday, December 5th. Scotiabank lifted their price objective on Russel Metals from C$46.50 to C$50.00 and gave the company a “sector perform” rating in a report on Monday, February 12th. Royal Bank of Canada upped their price target on shares of Russel Metals from C$42.00 to C$47.00 in a research note on Tuesday, December 19th. Finally, Raymond James upped their target price on Russel Metals from C$47.00 to C$50.00 in a research report on Wednesday, December 20th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$48.79.

Russel Metals Trading Up 0.3 %

Shares of RUS stock traded up C$0.13 on Wednesday, reaching C$43.63. 136,312 shares of the company’s stock were exchanged, compared to its average volume of 177,353. The company’s fifty day simple moving average is C$44.33 and its 200 day simple moving average is C$40.74. Russel Metals has a 52 week low of C$31.24 and a 52 week high of C$47.39. The company has a current ratio of 4.14, a quick ratio of 1.44 and a debt-to-equity ratio of 25.76. The stock has a market capitalization of C$2.63 billion, a PE ratio of 10.11, a P/E/G ratio of 0.59 and a beta of 1.54.

Russel Metals (TSE:RUS) last issued its earnings results on Thursday, February 8th. The company reported C$0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.06. The firm had revenue of C$1.02 billion during the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a net margin of 5.92% and a return on equity of 16.67%. As a group, analysts forecast that Russel Metals will post 3.8835125 EPS for the current year.

Insider Activity

In other Russel Metals news, Senior Officer Daniel Bailey sold 1,400 shares of Russel Metals stock in a transaction dated Friday, December 15th. The shares were sold at an average price of C$44.37, for a total transaction of C$62,118.00. In related news, Director William Michael O’reilly sold 1,100 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of C$45.01, for a total transaction of C$49,513.97. Also, Senior Officer Daniel Bailey sold 1,400 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of C$44.37, for a total transaction of C$62,118.00. Corporate insiders own 0.81% of the company’s stock.

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.