Russel Metals (TSE:RUS) PT Set at C$113.00 by Scotiabank

Russel Metals (TSE:RUS) received a C$113.00 price target from investment analysts at Scotiabank in a research note issued on Thursday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 23.96% from the stock’s current price. Scotiabank also issued estimates for Russel Metals’ FY2027 earnings at $4.69 EPS.

Other equities research analysts also recently issued reports about the stock. Raymond James Financial downgraded shares of Russel Metals from a “moderate buy” rating to a “hold” rating and lifted their price target for the company from C$70.00 to C$82.00 in a research report on Monday, August 10th. Royal Bank Of Canada upped their target price on Russel Metals from C$92.00 to C$107.00 in a research report on Wednesday, September 30th. TD set a C$94.00 target price on Russel Metals and gave the company a “buy” rating in a research report on Monday, September 21st. Stifel Nicolaus increased their target price on Russel Metals from C$64.00 to C$85.00 and gave the stock a “hold” rating in a report on Monday, August 10th. Finally, National Bank Financial raised their price target on Russel Metals from C$57.00 to C$75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Five 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, the company has an average rating of “Moderate Buy” and an average price target of C$84.11.

Russel Metals Stock Down 0.8%

Shares of Russel Metals stock traded down C$0.72 on Thursday, reaching C$91.16. 148,373 shares of the company were exchanged, compared to its average volume of 222,800. The company has a current ratio of 2.61, a quick ratio of 1.44 and a debt-to-equity ratio of 27.88. The company has a 50-day moving average of C$80.63 and a 200 day moving average of C$66.78. Russel Metals has a one year low of C$39.09 and a one year high of C$95.97. The company has a market capitalization of C$5.01 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 0.59 and a beta of 0.95.

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 return on equity of 13.09% and a net margin of 4.04%. The firm had revenue of C$1.66 billion for the quarter.

Insider Buying and Selling at Russel Metals

In other news, insider Martin Leb Juravsky sold 5,682 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$80.40, for a total transaction of C$456,832.80. Following the completion of the transaction, the insider directly owned 6,674 shares in the company, valued at C$536,589.60. The trade was a 45.99% decrease in their position. Also, Director Brian Robie Hedges sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$81.54, for a total transaction of C$2,038,500.00. Insiders sold 33,682 shares of company stock valued at $2,735,333 in the last quarter. 0.85% of the stock is currently owned by corporate 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.