Analysts Set Stella-Jones Inc. (TSE:SJ) Price Target at C$88.00

Stella-Jones Inc. (TSE:SJ) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$88.00.

Several analysts recently commented on SJ shares. Scotiabank cut their price objective on shares of Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. Royal Bank of Canada cut their price objective on shares of Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th. CIBC cut their price objective on shares of Stella-Jones from C$99.00 to C$83.00 in a research report on Thursday, November 7th. Finally, TD Securities cut their price objective on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th.

Insider Transactions at Stella-Jones

In other Stella-Jones news, Director Rhodri Harries acquired 5,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of C$70.50 per share, for a total transaction of C$352,500.00. Also, Senior Officer Richard Cuddihy acquired 500 shares of the stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average price of C$70.85 per share, for a total transaction of C$35,424.00. Insiders have acquired 10,750 shares of company stock worth $753,042 in the last quarter. Company insiders own 0.14% of the company’s stock.

Stella-Jones Stock Performance

Shares of SJ stock opened at C$72.33 on Friday. Stella-Jones has a one year low of C$67.13 and a one year high of C$98.00. The company’s 50-day moving average is C$80.59 and its 200 day moving average is C$86.41. The company has a market capitalization of C$4.08 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The company has a debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57.

Stella-Jones Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Monday, December 2nd. Stella-Jones’s payout ratio is presently 18.09%.

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.