Stella-Jones Inc. (TSE:SJ) Receives Average Rating of “Buy” from Brokerages

Stella-Jones Inc. (TSE:SJ – Get Rating) has earned an average rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$53.43.

A number of research firms have recently issued reports on SJ. National Bankshares increased their price target on shares of Stella-Jones from C$52.00 to C$57.00 in a research report on Wednesday, January 5th. National Bank Financial increased their price target on shares of Stella-Jones to C$57.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 5th. Finally, CIBC dropped their price objective on Stella-Jones from C$51.00 to C$50.00 and set an “outperform” rating on the stock in a report on Friday, March 11th.

SJ stock traded up C$0.69 during mid-day trading on Monday, reaching C$38.32. 132,563 shares of the stock traded hands, compared to its average volume of 219,152. The company has a current ratio of 5.74, a quick ratio of 0.99 and a debt-to-equity ratio of 60.64. Stella-Jones has a 52-week low of C$36.24 and a 52-week high of C$54.09. The company has a market cap of C$2.44 billion and a P/E ratio of 10.92. The stock’s fifty day moving average is C$39.22 and its 200-day moving average is C$40.68.

Stella-Jones (TSE:SJ – Get Rating) last posted its quarterly earnings data on Wednesday, March 9th. The company reported C$0.34 EPS for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.02. The firm had revenue of C$545.00 million for the quarter, compared to analysts’ expectations of C$486.00 million. Equities research analysts expect that Stella-Jones will post 3.6970503 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 22nd. Investors of record on Monday, April 4th will be issued a $0.20 dividend. The ex-dividend date is Friday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.09%. This is an increase from Stella-Jones’s previous quarterly dividend of $0.18. Stella-Jones’s dividend payout ratio is currently 20.63%.

About Stella-Jones (Get Rating)

Stella-Jones Inc produces and markets pressure-treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers for outdoor applications; industrial products, including pilings, wharf and bridge timbers, crane mats, railway crossings, and laminated poles; construction timbers; and coal tar-based products.

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