Russel Metals (TSE:RUS) Given New C$65.00 Price Target at Raymond James Financial

Russel Metals (TSE:RUS) had its price target hoisted by Raymond James Financial from C$60.00 to C$65.00 in a research report report published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also commented on the stock. Scotia upped their price objective on shares of Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a report on Thursday. TD Securities upped their price objective on shares of Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Stifel Nicolaus upped their price objective on shares of Russel Metals from C$49.00 to C$58.50 and gave the stock a “hold” rating in a report on Thursday. Royal Bank Of Canada upped their price objective on shares of Russel Metals from C$55.00 to C$63.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, National Bank Financial decreased their price objective on shares of 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. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Russel Metals currently has an average rating of “Moderate Buy” and an average target price of C$58.94.

Russel Metals Stock Performance

TSE:RUS opened at C$56.21 on Thursday. The company has a debt-to-equity ratio of 30.44, a current ratio of 3.06 and a quick ratio of 1.44. The firm has a market capitalization of C$3.09 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 0.59 and a beta of 0.95. The company’s 50-day moving average is C$49.14 and its two-hundred day moving average is C$45.97. Russel Metals has a 1-year low of C$39.09 and a 1-year high of C$58.69.

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 for the quarter. Russel Metals had a net margin of 3.64% and a return on equity of 10.44%.

Russel Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, May 28th. Russel Metals’s dividend payout ratio is currently 56.81%.

Trending Headlines about Russel Metals

Here are the key news stories impacting Russel Metals this week:

• Positive Sentiment: Raymond James raised its price target to C$65.00 and kept an “outperform” rating, implying ~15.1% upside versus the current share level. Raymond James raises target
• Positive Sentiment: Royal Bank of Canada raised its target to C$63.00 and moved to “outperform,” implying ~11.5% upside. RBC raises target TickerReport
• Positive Sentiment: Scotia raised its target to C$62.00 and assigned a “sector outperform” — roughly a 9.8% implied upside. Scotia raises target
• Positive Sentiment: Stifel Nicolaus lifted its target to C$58.50 and kept a “hold” rating (?3.6% implied upside). Stifel raises target
• Positive Sentiment: Russel declared a quarterly dividend of C$0.44 per share (annualized yield ~3.1%); record date is June 15 and the ex-dividend date is May 28 — a shareholder-friendly move that supports income-focused investors.
• Neutral Sentiment: BMO Capital Markets raised its target to C$56.00 (a modest change that still implies a small ~1.5% downside vs. the current level) — a mixed signal despite the raise. BMO raises target
• Negative Sentiment: National Bank Financial raised its target to C$52.00 but kept an “outperform” — that target sits ~7.9% below the current share price and could weigh on sentiment for short-term traders. National Bank raises target

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.