Stella-Jones (TSE:SJ) Given New C$100.00 Price Target at CIBC World Markets

Stella-Jones (TSE:SJ) had its price objective boosted by CIBC World Markets from C$90.00 to C$100.00 in a research note issued to investors on Saturday morning,BayStreet.CA reports.

SJ has been the subject of several other reports. Canadian Imperial Bank of Commerce upped their price target on Stella-Jones from C$90.00 to C$100.00 in a research note on Friday. TD Securities boosted their target price on Stella-Jones from C$90.00 to C$97.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Desjardins set a C$102.00 price target on shares of Stella-Jones and gave the company a “buy” rating in a report on Friday, December 12th. National Bankshares lifted their price target on shares of Stella-Jones from C$95.00 to C$107.00 and gave the company an “outperform” rating in a research report on Monday, December 15th. Finally, Scotiabank raised shares of Stella-Jones from a “hold” rating to an “outperform” rating and increased their price objective for the stock from C$88.00 to C$98.00 in a research report on Thursday, January 29th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Stella-Jones currently has a consensus rating of “Moderate Buy” and a consensus target price of C$98.88.

Stella-Jones Stock Performance

TSE:SJ opened at C$97.82 on Friday. The company has a market cap of C$5.37 billion, a P/E ratio of 16.01, a P/E/G ratio of 2.40 and a beta of -0.17. The firm’s 50 day moving average is C$88.05 and its two-hundred day moving average is C$82.76. Stella-Jones has a fifty-two week low of C$62.26 and a fifty-two week high of C$99.60. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53.

Stella-Jones (TSE:SJ) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$1.59 earnings per share (EPS) for the quarter. The company 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%. Analysts expect that Stella-Jones will post 6.4457565 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michelle Annette Banik purchased 472 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average price 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 represents a ∞ increase in their position. 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.