Russel Metals (TSE:RUS) Sets New 1-Year High – Should You Buy?

Russel Metals Inc. (TSE:RUS) shares hit a new 52-week high on Tuesday . The stock traded as high as C$49.74 and last traded at C$49.64, with a volume of 55632 shares. The stock had previously closed at C$48.80.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RUS shares. Royal Bank Of Canada upped their price target on Russel Metals from C$47.00 to C$51.00 in a research note on Wednesday, January 14th. Scotiabank boosted their target price on Russel Metals from C$48.00 to C$52.00 in a report on Thursday, January 29th. Finally, National Bankshares increased their target price on shares of Russel Metals from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat, Russel Metals presently has a consensus rating of “Buy” and a consensus target price of C$51.83.

Russel Metals Price Performance

The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. The company has a market cap of C$2.75 billion, a PE ratio of 16.89, a P/E/G ratio of 0.59 and a beta of 1.06. The company has a 50-day moving average price of C$45.10 and a two-hundred day moving average price of C$42.79.

Russel Metals (TSE:RUS) last announced its earnings results on Wednesday, November 5th. The company reported C$0.63 EPS for the quarter. The business had revenue of C$1.17 billion for the quarter. Russel Metals had a return on equity of 11.03% and a net margin of 4.27%.

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, November 27th. Russel Metals’s payout ratio is presently 58.22%.

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.