Russel Metals (TSE:RUS) Price Target Raised to C$75.00

Russel Metals (TSE:RUS) had its price objective increased by National Bank Financial from C$57.00 to C$75.00 in a research report report published on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other research firms have also recently weighed in on RUS. Stifel Nicolaus upped their price target on shares of Russel Metals from C$64.00 to C$85.00 and gave the stock a “hold” rating in a research note on Monday. Scotia increased their price target 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, May 7th. Royal Bank Of Canada raised their price objective on shares of Russel Metals from C$63.00 to C$68.00 and gave the company an “outperform” rating in a research note on Tuesday, June 30th. TD boosted their price objective on shares of Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Raymond James Financial lowered shares of Russel Metals from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$70.00 to C$82.00 in a research report on Monday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$76.89.

Russel Metals Stock Down 1.2%

RUS opened at C$79.67 on Monday. The company has a debt-to-equity ratio of 27.88, a current ratio of 2.61 and a quick ratio of 1.44. Russel Metals has a 12 month low of C$39.09 and a 12 month high of C$83.12. The stock has a market capitalization of C$4.37 billion, a P/E ratio of 22.38, a P/E/G ratio of 0.59 and a beta of 1.21. The business has a 50 day simple moving average of C$66.00 and a 200-day simple moving average of C$56.37.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. The firm had revenue of C$1.66 billion for the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%.

Russel Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.76 annualized dividend and a yield of 2.2%. Russel Metals’s payout ratio is currently 48.31%.

Insider Transactions at Russel Metals

In other news, insider Martin Leb Juravsky sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of C$63.28, for a total value of C$316,400.00. Following the completion of the transaction, the insider owned 12,356 shares in the company, valued at C$781,887.68. This trade represents a 28.81% decrease in their ownership of the stock. Also, Director James Francis Dinning sold 2,500 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of C$62.10, for a total value of C$155,250.00. Following the completion of the transaction, the director owned 19,250 shares of the company’s stock, valued at approximately C$1,195,425. This represents a 11.49% decrease in their position. Insiders have sold a total of 58,935 shares of company stock valued at $3,575,645 in the last three months. 0.85% of the stock is owned by company insiders.

Russel Metals News Roundup

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

• Positive Sentiment: Scotiabank raised its price target from C$76.00 to C$89.00 and maintained a “sector outperform” rating, implying further appreciation from the referenced C$80.61 price. BayStreet analyst ratings
• Positive Sentiment: TD significantly increased its target from C$68.00 to C$94.00 and upgraded its view to “buy,” representing the most optimistic target among the reported broker updates. BayStreet analyst ratings
• Positive Sentiment: RBC Capital reportedly initiated or reiterated a “buy” recommendation, while RBC and Stifel Nicolaus both published outlooks calling for strong price appreciation. RBC Capital buy recommendation Stifel Nicolaus outlook
• Neutral Sentiment: The analyst consensus price target is C$61.17, indicating a substantial gap below the referenced trading price despite the more bullish individual targets. This divergence suggests uncertainty about Russel Metals’ near-term valuation and earnings outlook. Consensus price target
• Negative Sentiment: Raymond James downgraded Russel Metals to “hold,” providing a counterweight to the recent target increases and potentially encouraging profit-taking after the stock’s sharp advance toward its 52-week high. Raymond James downgrade

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.