TD Securities Issues Pessimistic Forecast for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its target price cut by research analysts at TD Securities from C$103.00 to C$88.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 21.60% from the stock’s current price.

SJ has been the topic of a number of other research reports. Royal Bank of Canada cut their target price on Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday. National Bankshares raised their price target on shares of Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Scotiabank lowered their price objective on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday. Finally, CIBC reduced their price objective on Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.00.

Stella-Jones Price Performance

TSE:SJ opened at C$72.37 on Thursday. Stella-Jones has a 52 week low of C$71.41 and a 52 week high of C$98.00. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08. The stock has a market cap of C$4.08 billion, a PE ratio of 11.69, a P/E/G ratio of 2.40 and a beta of 0.64. The business’s 50-day simple moving average is C$89.18 and its two-hundred day simple moving average is C$87.61.

Stella-Jones (TSE:SJ) last posted its earnings results on Wednesday, August 7th. The company reported C$1.94 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.96 by C($0.02). The business had revenue of C$1.05 billion during the quarter, compared to analysts’ expectations of C$1.07 billion. Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. As a group, analysts forecast that Stella-Jones will post 6.4457565 EPS for the current fiscal year.

Insider Activity at Stella-Jones

In other Stella-Jones news, Director James Augustus Manzi sold 5,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$92.92, for a total transaction of C$464,583.48. 0.14% of the stock is currently owned by insiders.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.