Russel Metals (TSE:RUS) Price Target Raised to C$92.00

Russel Metals (TSE:RUS) had its target price raised by Royal Bank Of Canada from C$68.00 to C$92.00 in a research report released on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently commented on the company. National Bank Financial increased their price target on Russel Metals from C$57.00 to C$75.00 and gave the company a “sector perform” rating in a report on Monday. Stifel Nicolaus lifted their price objective on Russel Metals from C$64.00 to C$85.00 and gave the stock a “hold” rating in a report on Monday. Raymond James Financial lowered Russel Metals from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$70.00 to C$82.00 in a research report on Monday. BMO Capital Markets increased their target price on Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Finally, TD raised their price target on shares of Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Russel Metals has an average rating of “Moderate Buy” and an average target price of C$76.89.

Russel Metals Stock Performance

TSE:RUS opened at C$79.67 on Monday. The company has a debt-to-equity ratio of 27.88, a current ratio of 2.61 and a quick ratio of 1.44. The firm has a 50-day moving average of C$66.00 and a two-hundred day moving average of C$56.37. The stock has a market cap of C$4.37 billion, a P/E ratio of 22.38, a PEG ratio of 0.59 and a beta of 1.21. Russel Metals has a 1-year low of C$39.09 and a 1-year high of C$83.12.

Russel Metals (TSE:RUS) last announced its earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share (EPS) for the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%.The business had revenue of C$1.66 billion for the quarter.

Russel Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.76 annualized dividend and a yield of 2.2%. Russel Metals’s payout ratio is presently 48.31%.

Insider Buying and Selling at Russel Metals

In other Russel Metals news, Director Brian Robie Hedges sold 10,000 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$63.25, for a total transaction of C$632,500.00. Also, Director James Francis Dinning sold 2,500 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of C$62.10, for a total transaction of C$155,250.00. Following the completion of the transaction, the director owned 19,250 shares in the company, valued at approximately C$1,195,425. The trade was a 11.49% decrease in their ownership of the stock. Insiders sold a total of 58,935 shares of company stock valued at $3,575,645 over the last three months. 0.85% of the stock is currently owned by company insiders.

Key Stories Impacting Russel Metals

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

• Positive Sentiment: Scotiabank raised its price target from C$76.00 to C$89.00 and maintained a “sector outperform” rating, implying further appreciation from the referenced C$80.61 price. BayStreet analyst ratings
• Positive Sentiment: TD significantly increased its target from C$68.00 to C$94.00 and upgraded its view to “buy,” representing the most optimistic target among the reported broker updates. BayStreet analyst ratings
• Positive Sentiment: RBC Capital reportedly initiated or reiterated a “buy” recommendation, while RBC and Stifel Nicolaus both published outlooks calling for strong price appreciation. RBC Capital buy recommendation Stifel Nicolaus outlook
• Neutral Sentiment: The analyst consensus price target is C$61.17, indicating a substantial gap below the referenced trading price despite the more bullish individual targets. This divergence suggests uncertainty about Russel Metals’ near-term valuation and earnings outlook. Consensus price target
• Negative Sentiment: Raymond James downgraded Russel Metals to “hold,” providing a counterweight to the recent target increases and potentially encouraging profit-taking after the stock’s sharp advance toward its 52-week high. Raymond James downgrade

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.