Russel Metals (TSE:RUS) Given New C$58.50 Price Target at Stifel Nicolaus

Russel Metals (TSE:RUS) had its target price raised by Stifel Nicolaus from C$49.00 to C$58.50 in a research report sent to investors on Thursday,BayStreet.CA reports. Stifel Nicolaus currently has a hold rating on the stock.

Other research analysts have also recently issued research reports about the stock. Scotiabank raised their target price on shares of Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. TD Securities lifted their price objective on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Friday, February 13th. Royal Bank Of Canada lifted their price objective on shares of Russel Metals from C$55.00 to C$63.00 and gave the company an “outperform” rating in a report on Thursday. National Bank Financial cut their price objective on shares of Russel Metals from C$56.00 to C$51.00 and set a “sector perform” rating for the company in a report on Wednesday, April 8th. Finally, Scotia lifted their price objective on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a report on Thursday. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$58.94.

Russel Metals Trading Down 1.1%

Shares of Russel Metals stock opened at C$56.21 on Thursday. The company has a debt-to-equity ratio of 30.44, a current ratio of 3.06 and a quick ratio of 1.44. The firm has a fifty day moving average price of C$49.14 and a 200 day moving average price of C$45.97. Russel Metals has a 1 year low of C$39.09 and a 1 year high of C$58.69. The stock has a market cap of C$3.09 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95.

Russel Metals (TSE:RUS) last issued its earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share (EPS) for the quarter. Russel Metals had a net margin of 3.64% and a return on equity of 10.44%. The firm had revenue of C$1.42 billion during the quarter.

Russel Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a yield of 3.1%. Russel Metals’s payout ratio is presently 56.81%.

Russel Metals News Summary

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

• Positive Sentiment: Raymond James raised its price target to C$65.00 and kept an “outperform” rating, implying ~15.1% upside versus the current share level. Raymond James raises target
• Positive Sentiment: Royal Bank of Canada raised its target to C$63.00 and moved to “outperform,” implying ~11.5% upside. RBC raises target TickerReport
• Positive Sentiment: Scotia raised its target to C$62.00 and assigned a “sector outperform” — roughly a 9.8% implied upside. Scotia raises target
• Positive Sentiment: Stifel Nicolaus lifted its target to C$58.50 and kept a “hold” rating (≈3.6% implied upside). Stifel raises target
• Positive Sentiment: Russel declared a quarterly dividend of C$0.44 per share (annualized yield ~3.1%); record date is June 15 and the ex-dividend date is May 28 — a shareholder-friendly move that supports income-focused investors.
• Neutral Sentiment: BMO Capital Markets raised its target to C$56.00 (a modest change that still implies a small ~1.5% downside vs. the current level) — a mixed signal despite the raise. BMO raises target
• Negative Sentiment: National Bank Financial raised its target to C$52.00 but kept an “outperform” — that target sits ~7.9% below the current share price and could weigh on sentiment for short-term traders. National Bank raises target

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.