TD Securities Trims Stella-Jones (TSE:SJ) Target Price to C$50.00

Stella-Jones (TSE:SJGet Rating) had its price target cut by investment analysts at TD Securities from C$56.00 to C$50.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has an “action list buy” rating on the stock. TD Securities’ target price suggests a potential upside of 43.39% from the company’s previous close.

SJ has been the subject of several other research reports. Royal Bank of Canada dropped their target price on shares of Stella-Jones from C$43.00 to C$40.00 and set a “sector perform” rating for the company in a report on Thursday. CIBC dropped their price objective on Stella-Jones from C$50.00 to C$47.00 in a research note on Thursday, April 21st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$51.00.

Shares of TSE:SJ opened at C$34.87 on Thursday. The stock has a 50 day moving average of C$37.35 and a 200 day moving average of C$39.64. The company has a market cap of C$2.22 billion and a PE ratio of 9.99. Stella-Jones has a 12-month low of C$33.93 and a 12-month high of C$50.13. 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 (TSE:SJGet Rating) last issued its quarterly earnings results on Wednesday, March 9th. The company reported C$0.34 earnings per share for the quarter, beating the consensus estimate 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 predict that Stella-Jones will post 3.6800001 earnings per share for the current fiscal year.

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 wood utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers for outdoor applications; industrial products, including bridge and crossing timbers, foundation and marine piling, construction timbers, crane mats, fence posts, and highway guardrail posts; and coal tar-based products.

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