Russel Metals (TSE:RUS) Price Target Raised to C$57.00 at TD Securities

Russel Metals (TSE:RUS) had its price objective raised by investment analysts at TD Securities from C$50.00 to C$57.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 21.77% from the stock’s current price.

Several other equities analysts have also recently commented on the company. Stifel Nicolaus cut Russel Metals from a “buy” rating to a “hold” rating and upped their price target for the company from C$49.00 to C$50.50 in a report on Friday, February 6th. Royal Bank Of Canada boosted their price objective on Russel Metals from C$47.00 to C$51.00 in a research report on Wednesday, January 14th. Finally, Scotiabank upped their target price on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Russel Metals currently has a consensus rating of “Moderate Buy” and a consensus price target of C$54.42.

Russel Metals Stock Performance

RUS traded down C$0.12 during trading on Friday, hitting C$46.81. The stock had a trading volume of 255,820 shares, compared to its average volume of 212,841. The firm has a market cap of C$2.61 billion, a PE ratio of 16.03, a P/E/G ratio of 0.59 and a beta of 1.06. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. Russel Metals has a 12 month low of C$34.62 and a 12 month high of C$53.37. The company has a 50 day simple moving average of C$45.97 and a 200-day simple moving average of C$42.96.

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

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.