Stella-Jones (TSE:SJ) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Stella-Jones Inc. (TSE:SJ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$87.73 and traded as high as C$90.75. Stella-Jones shares last traded at C$88.07, with a volume of 101,828 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. TD Securities lifted their target price on 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. Royal Bank Of Canada lifted their price objective on Stella-Jones from C$89.00 to C$95.00 in a report on Friday, February 27th. Desjardins set a C$102.00 price objective on Stella-Jones and gave the company a “buy” rating in a report on Friday, December 12th. Canadian Imperial Bank of Commerce lifted 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 lifted their price objective for the company from C$88.00 to C$98.00 in a report on Thursday, January 29th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$101.29.

Stella-Jones Stock Down 2.9%

The company has a quick ratio of 1.20, a current ratio of 7.40 and a debt-to-equity ratio of 92.30. The business has a fifty day simple moving average of C$95.05 and a two-hundred day simple moving average of C$87.73. The company has a market capitalization of C$4.81 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 2.40 and a beta of -0.11.

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

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.