Canadian Imperial Bank of Commerce Raises Stella-Jones (TSE:SJ) Price Target to C$100.00

Stella-Jones (TSE:SJ) had its price objective increased by Canadian Imperial Bank of Commerce from C$90.00 to C$100.00 in a report issued on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective points to a potential upside of 2.23% from the stock’s previous close.

A number of other research firms have also recently commented on SJ. TD Securities raised their target price on Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. National Bankshares upped their target price on shares of 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. Desjardins set a C$102.00 price target on shares of Stella-Jones and gave the company a “buy” rating in a research report on Friday, December 12th. Scotiabank raised shares of Stella-Jones from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from C$88.00 to C$98.00 in a research note on Thursday, January 29th. Finally, Raymond James Financial set a C$100.00 target price on shares of Stella-Jones and gave the company an “outperform” rating in a report on Thursday, November 20th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$98.88.

Stella-Jones Trading Up 0.3%

Shares of SJ opened at C$97.82 on Friday. Stella-Jones has a 1-year low of C$62.26 and a 1-year high of C$99.60. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. The firm’s 50-day moving average price is C$88.05 and its 200-day moving average price is C$82.76. The firm has a market capitalization of C$5.37 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.40 and a beta of -0.17.

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

Insider Activity

In other Stella-Jones news, Director Michelle Annette Banik acquired 472 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 472 shares of the company’s stock, valued at approximately C$39,931.20. This represents a ∞ increase in their position. 0.14% of the stock is currently owned by insiders.

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.