Russel Metals (TSE:RUS) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Russel Metals Inc. (TSE:RUS)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$40.17 and traded as high as C$41.35. Russel Metals shares last traded at C$41.27, with a volume of 107,587 shares traded.

Wall Street Analysts Forecast Growth

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

Russel Metals Price Performance

The company has a market cap of C$2.42 billion, a price-to-earnings ratio of 12.03, a P/E/G ratio of 0.59 and a beta of 1.52. 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 business has a 50-day moving average price of C$43.00 and a 200 day moving average price of C$40.17.

Russel Metals (TSE:RUS) last announced its earnings results on Wednesday, November 6th. The company reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.61 by C($0.02). The company had revenue of C$1.09 billion for the quarter, compared to analysts’ expectations of C$1.06 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Wednesday, November 27th. 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.