Raymond James set a C$27.00 price objective on Russel Metals (TSE:RUS) in a research note published on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock. Raymond James also issued estimates for Russel Metals’ Q4 2019 earnings at $0.57 EPS, Q1 2020 earnings at $0.57 EPS, Q2 2020 earnings at $0.55 EPS, Q3 2020 earnings at $0.60 EPS, Q4 2020 earnings at $0.59 EPS and FY2020 earnings at $2.30 EPS.
Several other brokerages have also issued reports on RUS. Royal Bank of Canada cut their price objective on Russel Metals from C$28.00 to C$25.00 and set a sector perform rating for the company in a report on Tuesday, July 16th. BMO Capital Markets cut their price objective on Russel Metals from C$26.00 to C$24.00 in a report on Thursday, July 4th.
Shares of TSE:RUS opened at C$18.86 on Monday. The company has a current ratio of 2.75, a quick ratio of 1.10 and a debt-to-equity ratio of 71.81. Russel Metals has a 1 year low of C$18.47 and a 1 year high of C$29.79. The stock’s fifty day moving average price is C$20.74. The stock has a market capitalization of $1.16 billion and a price-to-earnings ratio of 5.47.
Russel Metals Company Profile
Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.
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