Stifel Nicolaus Raises Russel Metals (TSE:RUS) Price Target to C$54.50

Russel Metals (TSE:RUS) had its target price lifted by equities researchers at Stifel Nicolaus from C$53.00 to C$54.50 in a research report issued on Wednesday,BayStreet.CA reports. Stifel Nicolaus’ target price indicates a potential upside of 23.86% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on RUS. BMO Capital Markets reduced their target price on shares of Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. Royal Bank of Canada raised their target price on shares of Russel Metals from C$43.00 to C$45.00 in a report on Friday, November 8th. National Bankshares lowered 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 note on Friday, August 2nd. Finally, TD Securities upped their target price on Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$49.29.

Russel Metals Stock Performance

Shares of RUS traded up C$1.16 during trading hours on Wednesday, hitting C$44.00. The company had a trading volume of 92,912 shares, compared to its average volume of 184,995. The business has a fifty day moving average of C$39.75 and a 200-day moving average of C$38.73. 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 firm has a market cap of C$2.58 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.59 and a beta of 1.52. Russel Metals has a 12 month low of C$35.20 and a 12 month high of C$47.39.

Russel Metals (TSE:RUS) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.02). Russel Metals had a net margin of 4.87% and a return on equity of 12.67%. The company had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.06 billion.

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.