Raymond James Cuts Russel Metals (TSE:RUS) Price Target to C$48.00

Russel Metals (TSE:RUS) had its target price dropped by investment analysts at Raymond James from C$52.00 to C$48.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 21.80% from the company’s previous close.

RUS has been the topic of a number of other research reports. TD Securities increased their target price on Russel Metals from C$43.00 to C$48.00 and gave the stock a “hold” rating in a report on Monday, February 12th. Royal Bank of Canada raised their price target on Russel Metals from C$42.00 to C$47.00 in a report on Tuesday, December 19th. Scotiabank cut their price target on Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating on the stock in a report on Wednesday. Stifel Nicolaus cut their price target on Russel Metals from C$56.00 to C$55.50 in a report on Wednesday, March 13th. Finally, BMO Capital Markets raised their price target on Russel Metals from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Russel Metals has a consensus rating of “Moderate Buy” and a consensus price target of C$48.29.

Russel Metals Stock Down 3.2 %

TSE RUS traded down C$1.32 during mid-day trading on Wednesday, reaching C$39.41. 130,685 shares of the company’s stock traded hands, compared to its average volume of 180,004. The company has a current ratio of 4.14, a quick ratio of 1.44 and a debt-to-equity ratio of 25.76. The company has a fifty day simple moving average of C$44.21 and a 200-day simple moving average of C$41.61. Russel Metals has a 1-year low of C$32.53 and a 1-year high of C$47.39. The company has a market cap of C$2.38 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 0.59 and a beta of 1.54.

Russel Metals (TSE:RUS) last released its earnings results on Thursday, February 8th. The company reported C$0.78 EPS for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.06. Russel Metals had a return on equity of 16.67% and a net margin of 5.92%. The company had revenue of C$1.02 billion for the quarter, compared to the consensus estimate of C$1.06 billion. As a group, equities research analysts expect that Russel Metals will post 3.7672493 EPS for the current year.

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.