Russel Metals (TSE:RUS) Shares Pass Above 200 Day Moving Average - Here's Why

Russel Metals Inc. (TSE:RUS - Get Free Report) shares 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.

Wall Street Analysts Forecast Growth

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

Russel Metals Stock Performance

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 stock has a fifty day simple moving average of C$43.00 and a two-hundred day simple moving average of C$40.17. The stock has a market cap of C$2.42 billion, a PE ratio of 12.03, a PEG ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS - Get Free Report) last announced its 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 during the quarter, compared to analysts' expectations of C$1.06 billion.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were paid a dividend of $0.42 per share. The ex-dividend date 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%.

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.