Russel Metals (TSE:RUS – Get Free Report) had its target price lowered by TD Securities from C$48.00 to C$45.00 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 14.56% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Raymond James cut their target price on Russel Metals from C$52.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. BMO Capital Markets raised their price target on Russel Metals from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Scotiabank dropped their price target on Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating on the stock in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus dropped their price target on Russel Metals from C$55.50 to C$54.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$47.64.
Read Our Latest Stock Analysis on RUS
Russel Metals Stock Down 1.1 %
Russel Metals (TSE:RUS – Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported C$0.78 earnings per share for the quarter, topping the consensus estimate of C$0.72 by C$0.06. Russel Metals had a return on equity of 16.67% and a net margin of 5.92%. The business had revenue of C$1.02 billion for the quarter, compared to analyst estimates of C$1.06 billion. Analysts forecast that Russel Metals will post 3.7672493 earnings per share for the current fiscal year.
Russel Metals Company Profile
Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.
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