Russel Metals (TSE:RUS) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Russel Metals Inc. (TSE:RUS - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$38.64 and traded as high as C$41.87. Russel Metals shares last traded at C$41.80, with a volume of 241,240 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RUS. Stifel Nicolaus decreased their price target on Russel Metals from C$55.00 to C$52.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. National Bankshares lowered their price objective on shares of Russel Metals from C$47.00 to C$46.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. TD Securities upgraded Russel Metals from a "hold" rating to a "buy" rating and increased their target price for the company from C$44.00 to C$46.00 in a report on Monday, September 16th. Finally, BMO Capital Markets decreased their price objective on Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$46.93.

Russel Metals Stock Up 4.8 %

The firm has a 50-day moving average price of C$39.31 and a two-hundred day moving average price of C$38.65. The company has a market capitalization of C$2.57 billion, a P/E ratio of 12.19, a PEG ratio of 0.59 and a beta of 1.52. 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 (EPS) for the quarter, missing analysts' consensus estimates of C$0.61 by C($0.02). The business 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 business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, August 28th. Russel Metals's dividend payout ratio (DPR) is currently 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.