Russel Metals (TSE:RUS) Price Target Raised to C$68.00 at TD

Russel Metals (TSE:RUS) had its price objective hoisted by equities research analysts at TD from C$63.00 to C$68.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price objective would indicate a potential upside of 18.72% from the stock’s current price.

A number of other research analysts have also commented on RUS. BMO Capital Markets upped their price target on Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. Scotia upped their price target on Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a research report on Thursday. Scotiabank upped their price target on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Raymond James Financial upped their price target on Russel Metals from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus upped their price target on Russel Metals from C$49.00 to C$58.50 and gave the company a “hold” rating in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$59.50.

Russel Metals Trading Up 0.5%

TSE RUS traded up C$0.27 during trading on Monday, hitting C$57.28. 119,636 shares of the company’s stock traded hands, compared to its average volume of 210,838. The stock has a fifty day moving average of C$49.14 and a two-hundred day moving average of C$45.97. The company has a debt-to-equity ratio of 29.50, a current ratio of 2.86 and a quick ratio of 1.44. Russel Metals has a 12-month low of C$39.09 and a 12-month high of C$58.69. The firm has a market cap of C$3.15 billion, a P/E ratio of 16.09, a PEG ratio of 0.59 and a beta of 0.95.

Russel Metals (TSE:RUS) last posted its earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share for the quarter. The company had revenue of C$1.42 billion during the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%.

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.