Russel Metals (TSE:RUS – Get Free Report) had its target price hoisted by analysts at Scotiabank from C$42.00 to C$44.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 28.62% from the company’s previous close.
RUS has been the subject of a number of other research reports. BMO Capital Markets boosted their price objective on shares of Russel Metals from C$40.00 to C$41.00 in a report on Monday, August 14th. National Bankshares set a C$41.00 price objective on shares of Russel Metals and gave the company a “sector perform” rating in a report on Monday, July 10th. Royal Bank of Canada upped their price target on shares of Russel Metals from C$40.00 to C$42.00 and gave the stock a “sector perform” rating in a report on Monday, August 14th. Stifel Nicolaus upped their price target on shares of Russel Metals from C$44.50 to C$45.50 and gave the stock a “buy” rating in a report on Monday, September 18th. Finally, TD Securities upped their price target on shares of Russel Metals from C$39.00 to C$43.00 and gave the stock a “hold” rating in a report on Tuesday, August 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$42.93.
Check Out Our Latest Stock Report on Russel Metals
Russel Metals Stock Performance
Russel Metals (TSE:RUS – Get Free Report) last posted its quarterly earnings data on Thursday, August 10th. The company reported C$1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.27 by C$0.10. The firm had revenue of C$1.19 billion during the quarter, compared to the consensus estimate of C$1.26 billion. Russel Metals had a net margin of 6.49% and a return on equity of 20.12%. On average, sell-side analysts predict that Russel Metals will post 3.5599593 earnings per share for the current year.
About Russel Metals
Russel Metals Inc operates as a metal distribution company in Canada and the United States. It operates through Metals Service Centers, Energy Field Stores, and Steel Distributors segments. 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.
Recommended Stories
- Five stocks we like better than Russel Metals
- Most Volatile Stocks, What Investors Need to Know
- 3 High Dividend Stocks To Beat Treasury Yields
- How to Buy Bitcoin Stock: 3 Easy Ways to Do It
- United Airlines Shares Fall Despite Solid Quarter
- How to Invest in Energy
- Housing Starts Up, Homebuilders Down as Mortgage Rates Soar
Receive News & Ratings for Russel Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Russel Metals and related companies with MarketBeat.com's FREE daily email newsletter.
