Russel Metals (TSE:RUS) Price Target Cut to C$55.50 by Analysts at Stifel Nicolaus

Russel Metals (TSE:RUS) had its target price reduced by investment analysts at Stifel Nicolaus from C$56.00 to C$55.50 in a research note issued on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential upside of 27.21% from the company’s current price.

Several other research analysts have also recently issued reports on RUS. Raymond James increased their price target on Russel Metals from C$47.00 to C$50.00 in a research note on Wednesday, December 20th. Scotiabank increased their price objective on Russel Metals from C$46.50 to C$50.00 and gave the stock a “sector perform” rating in a research note on Monday, February 12th. National Bank Financial raised Russel Metals from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Monday, December 4th. BMO Capital Markets increased their price target on shares of Russel Metals from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, TD Securities boosted their price objective on shares of Russel Metals from C$43.00 to C$48.00 and gave the company a “hold” rating in a research report on Monday, February 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$48.79.

Russel Metals Stock Performance

Shares of RUS traded up C$0.13 during mid-day trading on Wednesday, hitting C$43.63. The stock had a trading volume of 136,312 shares, compared to its average volume of 177,353. The company’s fifty day simple moving average is C$44.33 and its two-hundred day simple moving average is C$40.74. Russel Metals has a fifty-two week low of C$31.24 and a fifty-two week high of C$47.39. The company has a market cap of C$2.63 billion, a PE ratio of 10.11, a PEG ratio of 0.59 and a beta of 1.54. The company has a quick ratio of 1.44, a current ratio of 4.14 and a debt-to-equity ratio of 25.76.

Russel Metals (TSE:RUS) last released its earnings results on Thursday, February 8th. The company reported C$0.78 earnings per share for the quarter, beating the consensus estimate of C$0.72 by C$0.06. The firm had revenue of C$1.02 billion during the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a net margin of 5.92% and a return on equity of 16.67%. On average, equities analysts expect that Russel Metals will post 3.8835125 earnings per share for the current year.

Insider Activity at Russel Metals

In other news, Director William Michael O’reilly sold 1,100 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of C$45.01, for a total transaction of C$49,513.97. In other news, Senior Officer Daniel Bailey sold 1,400 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$44.37, for a total transaction of C$62,118.00. Also, Director William Michael O’reilly sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of C$45.01, for a total value of C$49,513.97. Insiders own 0.81% of the company’s stock.

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.