Brokerages Set Russel Metals Inc. (TSE:RUS) PT at C$60.61

Russel Metals Inc. (TSE:RUS) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$61.17.

RUS has been the subject of several recent analyst reports. BMO Capital Markets boosted their price objective on shares of Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. Royal Bank Of Canada increased their target price on shares of Russel Metals from C$63.00 to C$68.00 and gave the company an “outperform” rating in a research report on Tuesday, June 30th. Stifel Nicolaus lifted their price target on shares of Russel Metals from C$49.00 to C$58.50 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Raymond James Financial lifted their price target on shares of Russel Metals from C$65.00 to C$70.00 in a research note on Friday, June 5th. Finally, National Bank Financial boosted their price target on shares of Russel Metals from C$52.00 to C$57.00 and gave the company a “sector perform” rating in a research report on Monday, July 13th.

Russel Metals Price Performance

Shares of TSE RUS opened at C$70.02 on Monday. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86. Russel Metals has a fifty-two week low of C$39.09 and a fifty-two week high of C$70.87. The firm has a market capitalization of C$3.84 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. The stock’s 50-day simple moving average is C$61.80 and its 200-day simple moving average is C$53.16.

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

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.5%. Russel Metals’s payout ratio is 48.31%.

Insider Transactions at Russel Metals

In related news, Director Brian Robie Hedges sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$63.25, for a total value of C$632,500.00. Also, insider Martin Leb Juravsky sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of C$63.28, for a total value of C$316,400.00. Following the transaction, the insider owned 12,356 shares in the company, valued at C$781,887.68. This represents a 28.81% decrease in their position. Insiders sold a total of 73,935 shares of company stock valued at $4,430,667 over the last quarter. Company insiders own 0.85% of the company’s stock.

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.