Stella-Jones (TSE:SJ) Share Price Passes Above 200-Day Moving Average – Here’s Why

Stella-Jones Inc. (TSE:SJ)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$82.03 and traded as high as C$89.45. Stella-Jones shares last traded at C$88.10, with a volume of 138,202 shares trading hands.

Wall Street Analysts Forecast Growth

SJ has been the subject of several research analyst reports. Royal Bank Of Canada increased their price objective on Stella-Jones from C$78.00 to C$87.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 8th. Raymond James Financial set a C$100.00 price objective on shares of Stella-Jones and gave the company an “outperform” rating in a research note on Thursday, November 20th. CIBC decreased their price objective on shares of Stella-Jones from C$90.00 to C$89.00 in a report on Friday, November 7th. Desjardins set a C$102.00 target price on shares of Stella-Jones and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, TD Securities lifted their price target on shares of Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$95.71.

Stella-Jones Trading Down 0.6%

The business has a fifty day simple moving average of C$86.62 and a 200 day simple moving average of C$82.03. The stock has a market cap of C$4.84 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.40 and a beta of -0.24. The company has a debt-to-equity ratio of 87.53, a quick ratio of 1.20 and a current ratio of 6.85.

Stella-Jones (TSE:SJ) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$1.59 earnings per share for the quarter. The company had revenue of C$958.00 million during the quarter. Stella-Jones had a return on equity of 18.36% and a net margin of 9.43%. As a group, equities analysts anticipate that Stella-Jones Inc. will post 6.4457565 EPS for the current year.

Insider Transactions at Stella-Jones

In other news, Director Michelle Annette Banik purchased 472 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of C$84.60 per share, with a total value of C$39,931.20. Following the purchase, the director directly owned 472 shares of the company’s stock, valued at approximately C$39,931.20. This trade represents a ∞ increase in their ownership of the stock. Company 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. The vast majority of its revenue comes from the Pressure-treated wood segment.