In a report released today, Frederic Bastien from Raymond James maintained a Buy rating on Russel Metals Inc (RUSMF), with a price target of C$25.00. The company’s shares closed last Monday at $15.68.
According to TipRanks.com, Bastien is ranked #2145 out of 5556 analysts.
Currently, the analyst consensus on Russel Metals Inc is a Moderate Buy with an average price target of $18.55.
See today’s analyst top recommended stocks >>
Based on Russel Metals Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $23.02 million. In comparison, last year the company had a net profit of $52.18 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Russel Metals, Inc. is a metal distribution and processing company, which distributes steel products. The company operates through the following business segments: Metals Service Centers, Energy Products and Steel Distributors. The Metals Service Centers segment provides processing and distribution services to a broad base of customers.
