Stifel Nicolaus Increases Russel Metals (TSE:RUS) Price Target to C$57.00

Russel Metals (TSE:RUS) had its target price hoisted by Stifel Nicolaus from C$54.50 to C$57.00 in a research note issued on Friday,BayStreet.CA reports. Stifel Nicolaus’ price target indicates a potential upside of 29.46% from the stock’s current price.

Several other brokerages also recently weighed in on RUS. Royal Bank of Canada upped their target price on shares of Russel Metals from C$43.00 to C$45.00 in a report on Friday, November 8th. TD Securities upped their target price on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. National Bankshares dropped their target price on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, Raymond James upped their target price on shares of Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$49.64.

Russel Metals Stock Performance

Shares of RUS stock traded up C$0.46 during mid-day trading on Friday, reaching C$44.03. 52,022 shares of the company’s stock traded hands, compared to its average volume of 183,783. Russel Metals has a 12 month low of C$35.20 and a 12 month high of C$47.39. The firm has a 50 day moving average price of C$40.64 and a two-hundred day moving average price of C$38.90. 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 firm has a market capitalization of C$2.58 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

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

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.