Stifel Nicolaus Issues Positive Forecast for Russel Metals (TSE:RUS) Stock Price

Russel Metals (TSE:RUS) had its price target raised by Stifel Nicolaus from C$49.00 to C$50.50 in a research report sent to investors on Friday morning,BayStreet.CA reports. Stifel Nicolaus currently has a hold rating on the stock.

Other research analysts have also recently issued research reports about the company. TD Securities raised their price target on Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank Of Canada raised their target price on shares of Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a report on Friday. National Bank Financial cut shares of Russel Metals from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from C$54.00 to C$56.00 in a research report on Friday. Finally, Scotiabank increased their price target on shares of Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Russel Metals presently has a consensus rating of “Moderate Buy” and an average target price of C$54.42.

Russel Metals Trading Up 0.4%

Shares of RUS stock opened at C$47.12 on Friday. The stock has a market cap of C$2.62 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 0.59 and a beta of 1.06. Russel Metals has a 1 year low of C$34.62 and a 1 year high of C$53.37. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. The stock has a 50 day simple moving average of C$46.10 and a 200 day simple moving average of C$42.98.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.63 EPS for the quarter. The firm 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 firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, November 27th. This represents a $1.72 annualized dividend and a yield of 3.7%. Russel Metals’s payout ratio is presently 58.22%.

Key Russel Metals News

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

• Positive Sentiment: TD Securities raised its price target to C$57.00 and maintained a “buy” rating (≈21.6% upside vs. the cited reference price). This is one of the largest target increases and is a clear bullish catalyst. TD Securities raises target
• Positive Sentiment: Royal Bank of Canada raised its target to C$55.00 and kept an “outperform” rating (≈17.3% upside), reinforcing buy-side interest. RBC raises target
• Positive Sentiment: Scotiabank increased its target to C$54.00 and kept an “outperform” rating (≈15.2% upside), adding another institutional vote of confidence. Scotiabank raises target TickerReport item
• Neutral Sentiment: Stifel Nicolaus nudged its target to C$50.50 and kept a “hold” rating (≈7.7% upside). The smaller increase and neutral stance are less market-moving than the buy/outperform calls. Stifel updates target
• Negative Sentiment: National Bank Financial downgraded Russel Metals from “outperform” to “sector perform” despite raising its target to C$56.00. The downgrade introduces a cautionary note on forward relative performance even though the new target is higher. National Bank downgrades

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.