Russel Metals (TSE:RUS) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Shares of Russel Metals Inc. (TSE:RUS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$39.11 and traded as high as C$40.49. Russel Metals shares last traded at C$40.33, with a volume of 149,976 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RUS. Royal Bank of Canada dropped their target price on shares of Russel Metals from C$47.00 to C$43.00 and set a "sector perform" rating for the company in a report on Tuesday, July 2nd. Stifel Nicolaus dropped their price objective on shares of Russel Metals from C$55.00 to C$52.00 and set a "buy" rating for the company in a report on Friday, August 2nd. National Bankshares dropped their price objective on shares of Russel Metals from C$47.00 to C$46.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. TD Securities upgraded shares of Russel Metals from a "hold" rating to a "buy" rating and raised their price objective for the company from C$44.00 to C$46.00 in a report on Monday, September 16th. Finally, BMO Capital Markets dropped their price objective on shares of Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$46.93.

Russel Metals Price Performance

The firm has a market cap of C$2.39 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 0.59 and a beta of 1.51. The business's 50-day simple moving average is C$38.72 and its two-hundred day simple moving average is C$39.11. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88.

Russel Metals (TSE:RUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.84 EPS for the quarter, topping the consensus estimate of C$0.83 by C$0.01. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%. The company had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.08 billion. As a group, research analysts expect that Russel Metals Inc. will post 4.1 EPS for the current fiscal year.

Russel Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.13%. The ex-dividend date was Wednesday, August 28th. Russel Metals's dividend payout ratio (DPR) is presently 48.98%.

About Russel Metals

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.