Stella-Jones (TSE:SJ) Upgraded by Scotiabank to Outperform Rating

Scotiabank upgraded shares of Stella-Jones (TSE:SJ) from a sector perform rating to an outperform rating in a research note issued to investors on Thursday morning,BayStreet.CA reports. The firm currently has C$98.00 price objective on the stock, up from their prior price objective of C$88.00.

A number of other research firms also recently commented on SJ. CIBC cut their target price on shares of Stella-Jones from C$90.00 to C$89.00 in a research report on Friday, November 7th. TD Securities lifted their price objective on shares of Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Raymond James Financial set a C$100.00 target price on Stella-Jones and gave the stock an “outperform” rating in a report on Thursday, November 20th. Desjardins set a C$102.00 price target on Stella-Jones and gave the company a “buy” rating in a report on Friday, December 12th. Finally, National Bankshares boosted their price target on Stella-Jones from C$95.00 to C$107.00 and gave the stock an “outperform” rating in a research report on Monday, December 15th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$97.14.

Stella-Jones Stock Up 3.6%

Shares of TSE SJ opened at C$91.30 on Thursday. The stock has a 50 day moving average price of C$86.81 and a 200 day moving average price of C$82.09. The firm has a market capitalization of C$5.01 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 2.40 and a beta of -0.24. Stella-Jones has a 52-week low of C$62.26 and a 52-week high of C$92.84. 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 issued its earnings results on Wednesday, November 5th. The company reported C$1.59 earnings per share for the quarter. The business 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%. Sell-side analysts expect that Stella-Jones will post 6.4457565 earnings per share for the current year.

Insider Transactions at Stella-Jones

In related news, Director Michelle Annette Banik purchased 472 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was acquired at an average price of C$84.60 per share, with a total value of C$39,931.20. Following the completion of the acquisition, the director owned 472 shares in the company, valued at approximately C$39,931.20. This represents a ∞ increase in their position. Insiders own 0.14% of the company’s stock.

About Stella-Jones

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.