Russel Metals (TSE:RUS) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Russel Metals Inc. (TSE:RUS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

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

Russel Metals Stock Up 1.7 %

The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44. The stock’s fifty day simple moving average is C$43.00 and its 200-day simple moving average is C$40.17. The stock has a market cap of C$2.42 billion, a P/E ratio of 12.03, a PEG 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 net margin of 4.87% and a return on equity of 12.67%. The company had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.06 billion.

Russel Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.68 dividend on an annualized basis and a yield of 4.07%. 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.