Stella-Jones (TSE:SJ) Price Target Cut to C$79.00 by Analysts at CIBC

Stella-Jones (TSE:SJ) had its price objective reduced by CIBC from C$86.00 to C$79.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. Cibc World Mkts upgraded Stella-Jones from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Scotiabank reduced their price target on shares of Stella-Jones from C$85.00 to C$79.00 in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Stella-Jones currently has a consensus rating of “Buy” and a consensus target price of C$85.20.

Stella-Jones Price Performance

Shares of TSE:SJ opened at C$67.46 on Tuesday. The company has a debt-to-equity ratio of 87.53, a quick ratio of 1.20 and a current ratio of 6.85. The firm has a market cap of C$3.77 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The business has a 50-day simple moving average of C$67.58 and a two-hundred day simple moving average of C$72.54. Stella-Jones has a fifty-two week low of C$62.26 and a fifty-two week high of C$98.00.

Stella-Jones Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Tuesday, April 1st were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.84%. This is an increase from Stella-Jones’s previous quarterly dividend of $0.28. Stella-Jones’s dividend payout ratio (DPR) is 19.56%.

Insider Activity

In other Stella-Jones news, Director James Augustus Manzi sold 1,000 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of C$65.79, for a total value of C$65,788.60. Insiders own 0.14% of the company’s stock.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.