Russel Metals (TSE:RUS) Upgraded to “Outperform” at Royal Bank of Canada

Russel Metals (TSE:RUS) was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a C$51.00 target price on the stock, up from their prior target price of C$45.00. Royal Bank of Canada’s price target would suggest a potential upside of 14.17% from the stock’s current price.

A number of other analysts have also weighed in on the stock. TD Securities upped their price objective on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. National Bankshares lowered their price objective on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Raymond James upped their price objective on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus upped their price objective on shares of Russel Metals from C$54.50 to C$57.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$50.50.

Russel Metals Trading Up 2.0 %

RUS stock traded up C$0.87 during mid-day trading on Tuesday, reaching C$44.67. 140,453 shares of the stock traded hands, compared to its average volume of 184,178. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. Russel Metals has a one year low of C$35.20 and a one year high of C$47.39. The stock has a market capitalization of C$2.62 billion, a PE ratio of 12.99, a PEG ratio of 0.59 and a beta of 1.52. The business has a 50-day moving average price of C$40.92 and a two-hundred day moving average price of C$38.97.

Russel Metals (TSE:RUS) last issued its earnings results 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 company had revenue of C$1.09 billion for the quarter, compared to analysts’ expectations 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.