Russel Metals (TSE:RUS) Price Target Raised to C$68.00 at TD

Russel Metals (TSE:RUS) had its price target lifted by TD from C$63.00 to C$68.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price objective would suggest a potential upside of 18.72% from the company’s previous close.

A number of other brokerages also recently weighed in on RUS. Scotiabank boosted their target price on Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Stifel Nicolaus boosted their target price on Russel Metals from C$49.00 to C$58.50 and gave the stock a “hold” rating in a research note on Thursday. BMO Capital Markets boosted their target price on Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Raymond James Financial boosted their target price on Russel Metals from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, National Bank Financial boosted their target price on Russel Metals from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$59.50.

Russel Metals Stock Up 0.5%

Shares of RUS traded up C$0.27 during trading hours on Monday, hitting C$57.28. The stock had a trading volume of 119,636 shares, compared to its average volume of 210,838. The company has a debt-to-equity ratio of 29.50, a current ratio of 2.86 and a quick ratio of 1.44. The firm has a 50 day simple moving average of C$49.14 and a 200-day simple moving average of C$45.97. The firm has a market capitalization of C$3.15 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. Russel Metals has a 1-year low of C$39.09 and a 1-year high of C$58.69.

Russel Metals (TSE:RUS) last issued its earnings results on Tuesday, May 5th. The company reported C$1.30 EPS for the quarter. Russel Metals had a return on equity of 12.22% and a net margin of 4.04%.The company had revenue of C$1.42 billion during the quarter.

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.