Russel Metals (TSE:RUS) Stock Crosses Above 200 Day Moving Average – What’s Next?

Russel Metals Inc. (TSE:RUS) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$40.02 and traded as high as C$40.50. Russel Metals shares last traded at C$40.32, with a volume of 226,344 shares trading hands.

Analyst Ratings Changes

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

Russel Metals Trading 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 market cap of C$2.37 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.59 and a beta of 1.52. The firm has a 50 day simple moving average of C$42.92 and a 200 day simple moving average of C$40.02.

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

Russel Metals Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Wednesday, November 27th. Russel Metals’s payout ratio is 48.98%.

Russel Metals Company Profile

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.