Russel Metals Inc. (TSE:RUS - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$39.53 and traded as high as C$45.02. Russel Metals shares last traded at C$44.35, with a volume of 209,465 shares traded.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on RUS. 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 company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. Raymond James increased their price objective on shares of Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. Stifel Nicolaus boosted their target price on Russel Metals from C$54.50 to C$57.00 in a research report on Friday, November 22nd. Finally, TD Securities upped their target price 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. 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$50.50.
Check Out Our Latest Stock Analysis on Russel Metals
Russel Metals Price Performance
The firm has a market capitalization of C$2.60 billion, a P/E ratio of 12.93, a P/E/G ratio of 0.59 and a beta of 1.52. The stock's 50 day simple moving average is C$42.28 and its 200 day simple moving average is C$39.53. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85.
Russel Metals (TSE:RUS - Get Free Report) last announced 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). 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 return on equity of 12.67% and a net margin of 4.87%.
Russel Metals Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.68 annualized dividend and a dividend yield of 3.79%. Russel Metals's dividend payout ratio is currently 48.98%.
About Russel Metals
(
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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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