Russel Metals Inc. (TSE:RUS) Stock Has Average Target Price of C$76.89

Russel Metals Inc. (TSE:RUS) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$78.56.

A number of equities research analysts have recently commented on RUS shares. Stifel Nicolaus raised their price target on Russel Metals from C$64.00 to C$85.00 and gave the stock a “hold” rating in a research report on Monday, August 10th. Scotiabank upped their price target on shares of Russel Metals from C$76.00 to C$89.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 11th. TD set a C$94.00 price objective on shares of Russel Metals and gave the stock a “buy” rating in a research report on Monday, September 21st. Royal Bank Of Canada lifted their price target on Russel Metals from C$92.00 to C$107.00 in a research note on Wednesday. Finally, Raymond James Financial lowered Russel Metals from a “moderate buy” rating to a “hold” rating and boosted their price target for the company from C$70.00 to C$82.00 in a report on Monday, August 10th.

Russel Metals Stock Up 3.3%

Shares of TSE:RUS opened at C$95.21 on Friday. The company has a debt-to-equity ratio of 27.88, a current ratio of 2.61 and a quick ratio of 1.44. The stock has a market cap of C$5.23 billion, a price-to-earnings ratio of 24.29, a P/E/G ratio of 0.59 and a beta of 1.28. The company has a 50 day moving average of C$77.10 and a 200-day moving average of C$64.24. Russel Metals has a one year low of C$39.09 and a one year high of C$95.97.

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

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 28th. Russel Metals’s dividend payout ratio (DPR) is currently 44.13%.

Insiders Place Their Bets

In related news, insider Martin Leb Juravsky sold 5,682 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$80.40, for a total value of C$456,832.80. Following the completion of the transaction, the insider owned 6,674 shares of the company’s stock, valued at approximately C$536,589.60. This trade represents a 45.99% decrease in their ownership of the stock. Also, Director Brian Robie Hedges sold 25,000 shares of Russel Metals stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$81.54, for a total transaction of C$2,038,500.00. Insiders sold a total of 33,682 shares of company stock valued at $2,735,333 in the last quarter. 0.85% of the stock is currently owned by insiders.

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.