Canadian Imperial Bank of Commerce Issues Pessimistic Forecast for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its price objective lowered by Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a report issued on Wednesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 15.15% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. National Bank Financial cut shares of Stella-Jones from an “outperform” rating to a “hold” rating and decreased their target price for the company from C$107.00 to C$95.00 in a research note on Wednesday, April 8th. TD Securities upped their price target 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. Royal Bank Of Canada cut their price target on shares of Stella-Jones from C$95.00 to C$93.00 and set a “sector perform” rating for the company in a research note on Monday, April 13th. Finally, Scotiabank raised shares of 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 research report on Thursday, January 29th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Stella-Jones currently has an average rating of “Moderate Buy” and a consensus price target of C$98.71.

Stella-Jones Stock Performance

SJ opened at C$83.37 on Wednesday. The business’s 50-day simple moving average is C$92.26 and its 200 day simple moving average is C$88.09. Stella-Jones has a 52-week low of C$66.25 and a 52-week high of C$101.31. The company has a debt-to-equity ratio of 92.30, a quick ratio of 1.20 and a current ratio of 7.40. The firm has a market capitalization of C$4.55 billion, a PE ratio of 13.69, a PEG ratio of 2.40 and a beta of -0.11.

Stella-Jones (TSE:SJ) last posted its quarterly earnings results on Thursday, February 26th. The company reported C$0.91 earnings per share 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 during the quarter. As a group, sell-side analysts expect that Stella-Jones will post 6.4457565 earnings per share for the current fiscal 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.