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

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RUS shares. Raymond James increased their price objective on shares of 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 raised their price target for the stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th. TD Securities boosted their price objective on 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. Finally, Stifel Nicolaus increased their target price on Russel Metals from C$54.50 to C$57.00 in a research report on Friday, November 22nd. One research 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of C$50.50.

Russel Metals Stock Up 1.7 %

The stock has a market cap of C$2.42 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. The stock's 50-day moving average is C$43.00 and its 200-day moving average is C$40.17.

Russel Metals (TSE:RUS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share (EPS) 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 company had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.06 billion.

Russel Metals Announces Dividend

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