Russel Metals (TSE:RUS) Rating Increased to Buy at TD Securities

TD Securities upgraded shares of Russel Metals (TSE:RUS) from a hold rating to a buy rating in a research note published on Monday, Marketbeat reports. The brokerage currently has C$46.00 price target on the stock, up from their prior price target of C$44.00.

Several other equities research analysts have also recently commented on the company. National Bankshares dropped their price objective on Russel Metals from C$47.00 to C$46.00 and set an outperform rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus dropped their price target on shares of Russel Metals from C$55.00 to C$52.00 and set a buy rating on the stock in a report on Friday, August 2nd. BMO Capital Markets decreased their price objective on shares of Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. Finally, Royal Bank of Canada lowered their price objective on shares of Russel Metals from C$47.00 to C$43.00 and set a sector perform rating on the stock in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of C$46.93.

Russel Metals Trading Up 0.2 %

Shares of TSE RUS opened at C$38.98 on Monday. The firm’s 50 day moving average price is C$37.94 and its 200-day moving average price is C$39.51. Russel Metals has a 52-week low of C$33.38 and a 52-week high of C$47.39. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. The company has a market cap of C$2.29 billion, a PE ratio of 11.35, a P/E/G ratio of 0.59 and a beta of 1.51.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.83 by C$0.01. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%. The business had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.08 billion. On average, equities research analysts expect that Russel Metals will post 4.0968421 EPS for the current fiscal year.

Russel Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, August 28th. This represents a $1.68 annualized dividend and a yield of 4.31%. Russel Metals’s dividend payout ratio (DPR) is 48.98%.

Insider Buying and Selling at Russel Metals

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