Royal Bank of Canada Trims Russel Metals (TSE:RUS) Target Price to C$43.00

Russel Metals (TSE:RUS) had its price objective dropped by equities research analysts at Royal Bank of Canada from C$47.00 to C$43.00 in a report released on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 16.59% from the company’s previous close.

RUS has been the topic of several other research reports. Scotiabank cut their target price on Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating on the stock in a research note on Wednesday, April 17th. TD Securities lowered their price target on Russel Metals from C$48.00 to C$45.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Stifel Nicolaus lowered their price target on Russel Metals from C$55.50 to C$54.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Finally, Raymond James lowered their price target on Russel Metals from C$52.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$47.07.

Russel Metals Stock Down 1.0 %

Shares of TSE:RUS traded down C$0.39 during trading on Tuesday, hitting C$36.88. 79,467 shares of the company’s stock traded hands, compared to its average volume of 188,202. Russel Metals has a 52 week low of C$33.38 and a 52 week high of C$47.39. The company has a current ratio of 4.37, a quick ratio of 1.44 and a debt-to-equity ratio of 25.43. The company has a market cap of C$2.22 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.59 and a beta of 1.57. The company has a 50-day moving average price of C$38.26 and a 200-day moving average price of C$41.95.

Russel Metals (TSE:RUS) last released its earnings results on Wednesday, May 1st. The company reported C$0.82 EPS for the quarter, beating the consensus estimate of C$0.80 by C$0.02. The firm had revenue of C$1.06 billion for the quarter, compared to analysts’ expectations of C$1.16 billion. Russel Metals had a return on equity of 14.72% and a net margin of 5.54%. As a group, research analysts forecast that Russel Metals will post 3.5267452 EPS for the current fiscal year.

Insider Buying and Selling

In other Russel Metals news, Director Stewart Burton bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were acquired at an average cost of C$36.35 per share, with a total value of C$109,050.00. 0.81% of the stock is owned by insiders.

Russel Metals Company Profile

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.