Russel Metals (TSE:RUS) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Russel Metals Inc. (TSE:RUS) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$39.53 and traded as high as C$45.02. Russel Metals shares last traded at C$44.35, with a volume of 209,465 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RUS shares. Stifel Nicolaus raised their price objective on Russel Metals from C$54.50 to C$57.00 in a report on Friday, November 22nd. Raymond James raised their price objective on Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Royal Bank of Canada upgraded Russel Metals from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$45.00 to C$51.00 in a report on Tuesday, November 26th. Finally, TD Securities lifted their price target on Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Russel Metals currently has an average rating of “Moderate Buy” and a consensus target price of C$50.50.

Russel Metals Price Performance

The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. The stock has a market cap of C$2.60 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.59 and a beta of 1.52. The stock has a 50-day moving average price of C$42.28 and a two-hundred day moving average price of C$39.53.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The business had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be given a $0.42 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.79%. Russel Metals’s payout ratio is 48.98%.

About Russel Metals

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.