Russel Metals Inc T.RUS

Alternate Symbol(s): RUSMF

Russel Metals Inc. engages in the distribution of steel and other metal products 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 various 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. The Energy Field Stores segment offers specialized products, such as flanges, valves, fittings, and other products to energy industry. The Steel Distributors segment sells steel products comprising carbon steel plate, flat rolled products, beams, channels, and pipes to other steel service centers and equipment manufacturers. Russel Metals Inc. was incorporated in 1929 and is headquartered in Mississauga, Canada.

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Russel Metals Inc

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Post by ace1mccoyon Feb 09, 2024 10:38am

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Post# 35872247

BMO Bumps TP & Rating

* After “strong” quarterly results, BMO’s Devin Dodge bumped his Russel Metals Inc. (

RUS-T

-1.78%

) target to $46 from $44 with an “outperform” rating. The average is $48.81.

“We believe RUS is executing well and the pending acquisition of seven facilities from Samuel, Son & Co should provide attractive growth opportunities in its service center division,” said Mr. Dodge. “In addition, the balance sheet remains strong and provides RUS with significant capital deployment flexibility. However, with the P/B ratio currently above its historical average, we believe much of the optimism is reflected in valuation and believe the risk/reward is balanced.”

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