Russel Metals Inc. (TSE:RUS – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.41 and traded as high as C$46.51. Russel Metals shares last traded at C$46.42, with a volume of 95,872 shares traded.
Analyst Ratings Changes
A number of research firms recently weighed in on RUS. Scotiabank upped their target price on shares of Russel Metals from C$46.50 to C$50.00 and gave the stock a “sector perform” rating in a report on Monday, February 12th. Stifel Nicolaus boosted their price target on shares of Russel Metals from C$48.00 to C$56.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. National Bank Financial raised shares of Russel Metals from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Monday, December 4th. BMO Capital Markets boosted their price target on shares of Russel Metals from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada boosted their price target on shares of Russel Metals from C$42.00 to C$47.00 in a research note on Tuesday, December 19th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$48.86.
View Our Latest Stock Report on RUS
Russel Metals Stock Up 1.1 %
The company has a market cap of C$2.80 billion, a PE ratio of 10.72, a PEG ratio of 0.59 and a beta of 1.54. The company has a debt-to-equity ratio of 25.76, a quick ratio of 1.44 and a current ratio of 4.14. The stock’s 50 day moving average price is C$44.52 and its 200-day moving average price is C$40.41.
Russel Metals Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.60 annualized dividend and a yield of 3.45%. Russel Metals’s payout ratio is currently 36.95%.
Insider Buying and Selling at Russel Metals
In other news, Director Cynthia Johnston purchased 1,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was acquired at an average price of C$41.91 per share, with a total value of C$41,910.00. In related news, Director Cynthia Johnston acquired 1,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was acquired at an average cost of C$41.91 per share, for a total transaction of C$41,910.00. Also, Director William Michael O’reilly sold 1,100 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of C$45.01, for a total transaction of C$49,513.97. 0.81% of the stock is currently owned by corporate insiders.
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.
Read More
Receive News & Ratings for Russel Metals Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Russel Metals and related companies with MarketBeat.com’s FREE daily email newsletter.
