Russel Metals (TSE:RUS) Shares Cross Above 200-Day Moving Average – Time to Sell?

Russel Metals Inc. (TSE:RUS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$44.07 and traded as high as C$48.35. Russel Metals shares last traded at C$48.11, with a volume of 198,245 shares traded.

Analysts Set New Price Targets

RUS has been the topic of a number of analyst reports. Royal Bank Of Canada upped their target price on Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. TD Securities boosted their price objective on Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Friday, February 13th. National Bank Financial downgraded Russel Metals from an “outperform” rating to a “hold” rating and upped their price objective for the company from C$54.00 to C$56.00 in a research report on Friday, February 13th. Stifel Nicolaus increased their target price on Russel Metals from C$49.00 to C$50.50 and gave the stock a “hold” rating in a research note on Friday, February 13th. Finally, Scotiabank lifted their target price on Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Russel Metals currently has an average rating of “Moderate Buy” and a consensus price target of C$54.42.

Russel Metals Stock Performance

The firm’s fifty day moving average price is C$48.01 and its 200 day moving average price is C$44.07. The firm has a market cap of C$2.65 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 0.59 and a beta of 1.00. The company has a debt-to-equity ratio of 30.44, a quick ratio of 1.44 and a current ratio of 3.06.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Wednesday, February 11th. The company reported C$0.55 earnings per share (EPS) for the quarter. The firm had revenue of C$1.09 billion for the quarter. Russel Metals had a net margin of 3.64% and a return on equity of 10.44%.

About Russel Metals

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.