Russel Metals (TSE:RUS) Price Target Lowered to C$54.00 at Stifel Nicolaus

Russel Metals (TSE:RUS) had its price objective lowered by Stifel Nicolaus from C$55.50 to C$54.00 in a report released on Friday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research firms also recently weighed in on RUS. BMO Capital Markets increased their target price on Russel Metals from C$44.00 to C$46.00 and gave the stock an outperform rating in a research report on Friday, February 9th. Raymond James reduced their target price on Russel Metals from C$52.00 to C$48.00 and set an outperform rating on the stock in a research report on Wednesday. Scotiabank reduced their target price on Russel Metals from C$50.00 to C$48.50 and set a sector perform rating on the stock in a research report on Wednesday. Finally, TD Securities raised their price objective on Russel Metals from C$43.00 to C$48.00 and gave the stock a hold rating in a report on Monday, February 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Russel Metals currently has a consensus rating of Moderate Buy and an average target price of C$48.07.

Russel Metals Stock Down 0.7 %

RUS opened at C$39.36 on Friday. The company has a quick ratio of 1.44, a current ratio of 4.14 and a debt-to-equity ratio of 25.76. The firm has a market cap of C$2.38 billion, a P/E ratio of 9.09, a PEG ratio of 0.59 and a beta of 1.54. Russel Metals has a 52 week low of C$33.18 and a 52 week high of C$47.39. The business’s fifty day simple moving average is C$43.88 and its 200 day simple moving average is C$41.59.

Russel Metals (TSE:RUS) last released its earnings results on Thursday, February 8th. The company reported C$0.78 earnings per share for the quarter, topping the consensus estimate of C$0.72 by C$0.06. Russel Metals had a return on equity of 16.67% and a net margin of 5.92%. The firm had revenue of C$1.02 billion for the quarter, compared to the consensus estimate of C$1.06 billion. As a group, equities research analysts anticipate that Russel Metals will post 3.7672493 EPS for the current fiscal year.

Russel Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.07%. Russel Metals’s dividend payout ratio (DPR) is currently 36.95%.

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.