Stella-Jones (TSE:SJ) Stock Price Passes Below 200 Day Moving Average of $38.23

Stella-Jones Inc. (TSE:SJ – Get Rating)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$38.23 and traded as low as C$31.93. Stella-Jones shares last traded at C$32.07, with a volume of 40,797 shares.

Several research analysts recently weighed in on SJ shares. CIBC dropped their target price on shares of Stella-Jones from C$47.00 to C$45.00 and set an “outperform” rating for the company in a report on Friday, May 13th. 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, May 12th. Finally, TD Securities dropped their target price on shares of Stella-Jones from C$56.00 to C$50.00 and set an “action list buy” rating for the company in a report on Thursday, May 12th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Stella-Jones currently has a consensus rating of “Buy” and a consensus price target of C$51.00.

The firm has a market cap of C$2.00 billion and a PE ratio of 9.52. The company has a current ratio of 6.85, a quick ratio of 1.66 and a debt-to-equity ratio of 74.12. The firm’s 50 day simple moving average is C$35.66 and its 200 day simple moving average is C$38.23.

Stella-Jones (TSE:SJ – Get Rating) last announced its quarterly earnings results on Wednesday, May 11th. The company reported C$0.73 EPS for the quarter, topping the consensus estimate of C$0.66 by C$0.07. The company had revenue of C$651.00 million during the quarter, compared to analysts’ expectations of C$568.57 million. As a group, equities research analysts predict that Stella-Jones Inc. will post 3.7200005 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Tuesday, May 31st. Stella-Jones’s dividend payout ratio is 21.96%.

About Stella-Jones (TSE:SJ)

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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