Russel Metals (TSE:RUS) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Russel Metals Inc. (TSE:RUS)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$44.30 and traded as high as C$48.34. Russel Metals shares last traded at C$47.96, with a volume of 139,668 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RUS. TD Securities lifted their target price on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Friday, February 13th. Scotiabank raised their price objective on shares of Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Royal Bank Of Canada lifted their price objective on Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a report on Friday, February 13th. National Bank Financial lowered Russel Metals from an “outperform” rating to a “hold” rating and lifted their price objective for the company from C$54.00 to C$56.00 in a report on Friday, February 13th. Finally, Stifel Nicolaus boosted their target price on Russel Metals from C$49.00 to C$50.50 and gave the stock a “hold” rating in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$54.42.

Russel Metals Price Performance

The firm has a market cap of C$2.64 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 0.59 and a beta of 1.00. The company has a current ratio of 3.06, a quick ratio of 1.44 and a debt-to-equity ratio of 30.44. The company has a 50 day moving average price of C$47.98 and a 200 day moving average price of C$44.30.

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

Russel Metals Company Profile

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.