Stella-Jones (TSE:SJ) Stock Crosses Above 200-Day Moving Average – What’s Next?

Stella-Jones Inc. (TSE:SJ)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$85.93 and traded as high as C$97.08. Stella-Jones shares last traded at C$96.99, with a volume of 85,938 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Desjardins set a C$102.00 target price on Stella-Jones and gave the stock a “buy” rating in a research report on Friday, December 12th. Canadian Imperial Bank of Commerce raised their price objective on Stella-Jones from C$90.00 to C$100.00 in a report on Friday, February 6th. Royal Bank Of Canada lifted their target price on Stella-Jones from C$89.00 to C$95.00 in a research report on Friday, February 27th. Scotiabank raised Stella-Jones from a “hold” rating to an “outperform” rating and upped their target price for the company from C$88.00 to C$98.00 in a research report on Thursday, January 29th. Finally, TD Securities raised their target price on shares of Stella-Jones from C$97.00 to C$107.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Stella-Jones currently has a consensus rating of “Moderate Buy” and a consensus price target of C$101.29.

Stella-Jones Stock Performance

The company has a current ratio of 7.40, a quick ratio of 1.20 and a debt-to-equity ratio of 92.30. The firm has a market cap of C$5.30 billion, a PE ratio of 15.87, a P/E/G ratio of 2.40 and a beta of -0.20. The stock’s 50 day moving average price is C$93.54 and its 200 day moving average price is C$85.93.

Stella-Jones (TSE:SJ) last released its quarterly earnings results on Thursday, February 26th. The company reported C$0.91 EPS for the quarter. Stella-Jones had a return on equity of 16.67% and a net margin of 9.65%.The firm had revenue of C$727.00 million for the quarter. As a group, equities analysts forecast that Stella-Jones Inc. will post 6.4457565 earnings per share 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.