Russel Metals (TSE:RUS) Earns Outperform Rating from Raymond James

Raymond James reaffirmed their outperform rating on shares of Russel Metals (TSE:RUS) in a report released on Tuesday, BayStreet.CA reports. Raymond James currently has a C$27.00 price target on the stock.

Several other analysts have also commented on the company. Royal Bank of Canada decreased their price target on Russel Metals from C$25.00 to C$22.00 and set a sector perform rating on the stock in a research note on Monday, August 12th. BMO Capital Markets decreased their price target on Russel Metals from C$26.00 to C$24.00 in a research note on Thursday, July 4th. Finally, TD Securities decreased their price target on Russel Metals from C$27.00 to C$24.00 and set a buy rating on the stock in a research note on Monday, August 12th.

Shares of RUS stock opened at C$20.19 on Tuesday. The stock’s fifty day simple moving average is C$20.32 and its 200 day simple moving average is C$22.50. The company has a debt-to-equity ratio of 71.81, a current ratio of 2.75 and a quick ratio of 1.10. The firm has a market cap of $1.18 billion and a price-to-earnings ratio of 5.85. Russel Metals has a one year low of C$18.47 and a one year high of C$29.60.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 7.53%. The ex-dividend date of this dividend is Monday, August 26th. Russel Metals’s dividend payout ratio is 44.06%.

In related news, Director James Francis Dinning purchased 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average price of C$20.34 per share, with a total value of C$50,851.00. Following the purchase, the director now directly owns 25,000 shares in the company, valued at C$508,510.

About Russel Metals

Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.

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