Russel Metals (TSE:RUS) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Russel Metals Inc. (TSE:RUS)’s share price crossed 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 changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RUS shares. Royal Bank Of Canada raised their price target on shares of Russel Metals from C$51.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. National Bank Financial downgraded shares of Russel Metals from an “outperform” rating to a “hold” rating and increased their price objective for the company from C$54.00 to C$56.00 in a research note on Friday, February 13th. Stifel Nicolaus upped their target price on shares of Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a research note on Friday, February 13th. Scotiabank increased their price target on shares of 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. Finally, 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. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Russel Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of C$54.42.

Russel Metals Price Performance

The stock has a market capitalization of C$2.60 billion, a P/E ratio of 15.68, a PEG ratio of 0.59 and a beta of 1.00. The company has a 50 day moving average of C$47.98 and a 200-day moving average of C$44.13. The company has a quick ratio of 1.44, a current ratio of 3.06 and a debt-to-equity ratio of 30.44.

Russel Metals (TSE:RUS) last released its earnings results 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 net margin of 3.64% and a return on equity of 10.44%.

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.