Russel Metals (TSE:RUS) Reaches New 12-Month High – What’s Next?

Russel Metals Inc. (TSE:RUS) shares reached a new 52-week high on Wednesday . The company traded as high as C$52.61 and last traded at C$52.23, with a volume of 53559 shares changing hands. The stock had previously closed at C$51.89.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Scotiabank upped their price objective on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a report on Friday, February 13th. TD Securities upped their price objective on Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Friday, February 13th. National Bank Financial decreased their price objective on 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. Royal Bank Of Canada upped their price objective on Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, Stifel Nicolaus upped their price objective on Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$53.58.

Russel Metals Trading Up 0.2%

The company has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 0.59 and a beta of 0.87. The company has a debt-to-equity ratio of 30.44, a quick ratio of 1.44 and a current ratio of 3.06. The firm has a fifty day moving average price of C$48.47 and a 200-day moving average price of C$45.50.

Russel Metals (TSE:RUS) last released its earnings results on Wednesday, February 11th. The company reported C$0.55 earnings per share (EPS) for the quarter. The company had revenue of C$1.09 billion for the quarter. Russel Metals had a return on equity of 10.44% and a net margin of 3.64%.

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.