Russel Metals (TSE:RUS) Share Price Passes Above 200-Day Moving Average of $41.31

Russel Metals Inc. (TSE:RUSGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$41.31 and traded as high as C$44.08. Russel Metals shares last traded at C$43.73, with a volume of 122,364 shares traded.

Analysts Set New Price Targets

A number of research firms have issued reports on RUS. Stifel Nicolaus cut their target price on shares of Russel Metals from C$56.00 to C$55.50 in a research report on Wednesday, March 13th. Scotiabank upped their target price on shares of Russel Metals from C$46.50 to C$50.00 and gave the company a “sector perform” rating in a research report on Monday, February 12th. Raymond James upped their target price on shares of Russel Metals from C$47.00 to C$50.00 in a research report on Wednesday, December 20th. BMO Capital Markets upped their target price on shares of Russel Metals from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada upped their target price on shares of Russel Metals from C$42.00 to C$47.00 in a research report on Tuesday, December 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Russel Metals has an average rating of “Moderate Buy” and a consensus target price of C$48.79.

Read Our Latest Stock Analysis on RUS

Russel Metals Stock Down 1.6 %

The firm has a market capitalization of C$2.64 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 0.59 and a beta of 1.54. The business’s 50-day moving average is C$44.61 and its two-hundred day moving average is C$41.31. The company has a debt-to-equity ratio of 25.76, a quick ratio of 1.44 and a current ratio of 4.14.

Russel Metals (TSE:RUSGet Free Report) last announced its earnings results on Thursday, February 8th. The company reported C$0.78 EPS for the quarter, topping the consensus estimate of C$0.72 by C$0.06. The firm had revenue of C$1.02 billion for the quarter, compared to the consensus estimate of C$1.06 billion. Russel Metals had a net margin of 5.92% and a return on equity of 16.67%. On average, equities analysts anticipate that Russel Metals Inc. will post 2.9467655 earnings per share for the current year.

Russel Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.60 annualized dividend and a yield of 3.66%. Russel Metals’s dividend payout ratio (DPR) is currently 36.95%.

About Russel Metals

(Get Free Report)

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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