Brokerages Set Russel Metals Inc. (TSE:RUS) Price Target at C$46.64

Russel Metals Inc. (TSE:RUS) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$46.64.

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Russel Metals from C$55.00 to C$52.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. BMO Capital Markets reduced their target price on Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. National Bankshares decreased their target price on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. TD Securities cut their price target on Russel Metals from C$45.00 to C$44.00 in a research report on Friday, August 2nd. Finally, Royal Bank of Canada decreased their price objective on Russel Metals from C$47.00 to C$43.00 and set a “sector perform” rating for the company in a report on Tuesday, July 2nd.

Russel Metals Price Performance

RUS stock opened at C$38.33 on Tuesday. The business has a 50 day moving average price of C$37.85 and a 200 day moving average price of C$40.55. The company has a quick ratio of 1.44, a current ratio of 3.85 and a debt-to-equity ratio of 16.88. The stock has a market cap of C$2.25 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.59 and a beta of 1.52. Russel Metals has a fifty-two week low of C$33.38 and a fifty-two week high of C$47.39.

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be given a $0.42 dividend. The ex-dividend date is Wednesday, August 28th. This represents a $1.68 dividend on an annualized basis and a yield of 4.38%. Russel Metals’s dividend payout ratio (DPR) is 48.98%.

Insider Buying and Selling at Russel Metals

In other news, Director Stewart Burton bought 3,000 shares of Russel Metals stock in a transaction dated Friday, June 21st. The stock was bought at an average price of C$36.35 per share, for a total transaction of C$109,050.00. 0.83% of the stock is currently owned by corporate insiders.

About Russel Metals

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.