Shares of Russel Metals Inc. (TSE:RUS - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$39.68 and traded as high as C$42.83. Russel Metals shares last traded at C$42.59, with a volume of 130,469 shares changing hands.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Royal Bank of Canada raised shares of Russel Metals from a "sector perform" rating to an "outperform" rating and raised their target price for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. TD Securities increased their price objective on shares of Russel Metals from C$46.00 to C$50.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Raymond James upped their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus raised their price target on shares of Russel Metals from C$54.50 to C$57.00 in a research report on Friday, November 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$50.50.
Get Our Latest Stock Analysis on RUS
Russel Metals Price Performance
The stock has a market capitalization of C$2.49 billion, a PE ratio of 12.39, a PEG ratio of 0.59 and a beta of 1.52. The firm's fifty day moving average price is C$42.58 and its two-hundred day moving average price is C$39.72. The company has a quick ratio of 1.44, a current ratio of 3.85 and a debt-to-equity ratio of 16.88.
Russel Metals (TSE:RUS - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of C$1.09 billion for the quarter, compared to the consensus estimate of C$1.06 billion.
Russel Metals Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Wednesday, November 27th. Russel Metals's dividend payout ratio (DPR) is presently 48.98%.
Russel Metals Company Profile
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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.
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