Russel Metals Inc. (TSE:RUS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Russel Metals Inc. (TSE:RUS) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$59.50.

Several equities research analysts have recently issued reports on RUS shares. TD Securities raised their price objective on Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Stifel Nicolaus lifted their target price on Russel Metals from C$49.00 to C$58.50 and gave the company a “hold” rating in a report on Thursday, May 7th. Scotia lifted their target price on Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a report on Thursday, May 7th. Scotiabank lifted their target price on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, National Bank Financial lifted their target price on Russel Metals from C$51.00 to C$52.00 and gave the company an “outperform” rating in a report on Thursday, May 7th.

Insider Activity

In other Russel Metals news, insider John Gregory Reid sold 28,935 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of C$58.62, for a total value of C$1,696,169.70. Following the transaction, the insider directly owned 306,147 shares of the company’s stock, valued at C$17,946,337.14. This trade represents a 8.64% decrease in their ownership of the stock. Also, Director Brian Robie Hedges sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of C$57.00, for a total value of C$570,000.00. Following the completion of the transaction, the director directly owned 30,000 shares in the company, valued at C$1,710,000. This trade represents a 25.00% decrease in their ownership of the stock. Insiders sold 43,935 shares of company stock worth $2,551,192 over the last three months. 0.85% of the stock is currently owned by corporate insiders.

Russel Metals Price Performance

RUS stock opened at C$59.60 on Friday. Russel Metals has a 52-week low of C$39.09 and a 52-week high of C$59.61. The stock’s fifty day simple moving average is C$51.41 and its 200-day simple moving average is C$47.17. The company has a quick ratio of 1.44, a current ratio of 2.86 and a debt-to-equity ratio of 29.50. The stock has a market capitalization of C$3.27 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95.

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

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be issued a $0.44 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a yield of 3.0%. Russel Metals’s dividend payout ratio (DPR) is presently 48.31%.

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.