Stella-Jones (TSE:SJ) Stock Rating Upgraded by Royal Bank of Canada

Stella-Jones (TSE:SJGet Rating) was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to a “buy” rating in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has a C$53.00 price objective on the stock, up from their prior price objective of C$42.00. Royal Bank of Canada’s price objective would suggest a potential upside of 14.20% from the stock’s current price.

Several other analysts have also recently issued reports on SJ. Scotiabank increased their target price on shares of Stella-Jones from C$50.00 to C$51.00 in a research note on Friday, September 16th. TD Securities increased their target price on shares of Stella-Jones from C$45.00 to C$48.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. National Bankshares increased their target price on shares of Stella-Jones from C$51.00 to C$57.00 in a research note on Wednesday, July 13th. Desjardins restated a “buy” rating on shares of Stella-Jones in a research report on Wednesday, August 10th. Finally, CIBC lowered their price objective on shares of Stella-Jones from C$46.00 to C$45.00 in a research report on Tuesday, October 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Stella-Jones presently has a consensus rating of “Buy” and a consensus target price of C$53.17.

Stella-Jones Trading Up 4.6 %

Shares of SJ stock opened at C$46.41 on Thursday. Stella-Jones has a 52-week low of C$30.54 and a 52-week high of C$46.53. The company has a debt-to-equity ratio of 58.95, a quick ratio of 1.20 and a current ratio of 5.53. The company has a 50-day simple moving average of C$40.87 and a two-hundred day simple moving average of C$37.60. The company has a market capitalization of C$2.82 billion and a price-to-earnings ratio of 14.92.

Stella-Jones (TSE:SJGet Rating) last released its earnings results on Wednesday, August 10th. The company reported C$1.51 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.20 by C$0.31. The company had revenue of C$907.00 million for the quarter, compared to the consensus estimate of C$839.97 million. Research analysts anticipate that Stella-Jones will post 3.8800005 EPS 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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Analyst Recommendations for Stella-Jones (TSE:SJ)

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