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

Russel Metals Inc. (TSE:RUS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$39.87 and traded as high as C$42.12. Russel Metals shares last traded at C$42.10, with a volume of 59,422 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Securities upped their target price on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus raised their target price on shares of Russel Metals from C$54.50 to C$57.00 in a research note on Friday, November 22nd. Raymond James boosted their target price on shares of Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Finally, Royal Bank of Canada upgraded shares of Russel Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on 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 Stock Down 0.9 %

The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. The firm has a fifty day simple moving average of C$42.75 and a 200-day simple moving average of C$39.92. The firm has a market cap of C$2.45 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 0.59 and a beta of 1.52.

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

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Wednesday, November 27th. Russel Metals’s dividend payout ratio (DPR) is presently 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.