Royal Bank Of Canada Forecasts Strong Price Appreciation for Stella-Jones (TSE:SJ) Stock

Stella-Jones (TSE:SJ) had its price target lifted by equities research analysts at Royal Bank Of Canada from C$89.00 to C$95.00 in a research note issued on Friday,BayStreet.CA reports. Royal Bank Of Canada’s price target indicates a potential upside of 1.48% from the company’s previous close.

Several other equities research analysts have also recently issued reports on SJ. TD Securities raised their price objective on shares of Stella-Jones from C$90.00 to C$97.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Raymond James Financial set a C$100.00 price target on shares of Stella-Jones and gave the stock an “outperform” rating in a report on Thursday, November 20th. National Bank Financial 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. Canadian Imperial Bank of Commerce upped their price objective on Stella-Jones from C$90.00 to C$100.00 in a report on Friday, February 6th. Finally, Scotiabank raised Stella-Jones from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$88.00 to C$98.00 in a research note on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Stella-Jones currently has a consensus rating of “Moderate Buy” and a consensus target price of C$99.86.

Stella-Jones Trading Up 1.0%

TSE SJ opened at C$93.61 on Friday. The company has a 50 day moving average price of C$91.47 and a 200 day moving average price of C$84.69. The firm has a market cap of C$5.14 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 2.40 and a beta of -0.17. 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 has a 52 week low of C$62.26 and a 52 week high of C$101.31.

Stella-Jones (TSE:SJ) last issued its earnings results on Thursday, February 26th. The company reported C$0.91 earnings per share (EPS) for the quarter. Stella-Jones had a return on equity of 18.36% and a net margin of 9.43%.The company had revenue of C$727.00 million during the quarter. As a group, sell-side analysts forecast that Stella-Jones will post 6.4457565 EPS for the current fiscal year.

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.