Stella-Jones Inc. (TSE:SJ) Receives C$94.38 Average Target Price from Brokerages

Shares of Stella-Jones Inc. (TSE:SJ) have earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$94.38.

A number of brokerages have recently commented on SJ. TD cut their price target on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Scotiabank dropped their price objective on shares of Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating for the company in a report on Tuesday, April 28th. Desjardins cut their target price on shares of Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. National Bank Financial downgraded shares of Stella-Jones from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$107.00 to C$95.00 in a report on Wednesday, April 8th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th.

Insider Buying and Selling

In related news, Director Kenner James acquired 937 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of C$73.22 per share, with a total value of C$68,607.14. Following the completion of the purchase, the director owned 1,834 shares in the company, valued at C$134,285.48. This trade represents a 104.46% increase in their position. Also, Director Kevin Patrick Comerford bought 500 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of C$72.06 per share, for a total transaction of C$36,030.00. Following the acquisition, the director directly owned 6,176 shares of the company’s stock, valued at approximately C$445,042.56. The trade was a 8.81% increase in their position. Insiders have purchased a total of 3,443 shares of company stock worth $247,814 in the last ninety days. 0.14% of the stock is owned by insiders.

Stella-Jones Price Performance

Shares of SJ opened at C$76.86 on Friday. The firm’s 50-day simple moving average is C$78.86 and its 200 day simple moving average is C$86.05. The company has a debt-to-equity ratio of 80.71, a quick ratio of 1.20 and a current ratio of 4.96. The firm has a market cap of C$4.19 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07. Stella-Jones has a 52 week low of C$69.94 and a 52 week high of C$101.31.

Stella-Jones (TSE:SJ) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$1.12 earnings per share (EPS) for the quarter. The company had revenue of C$791.00 million during the quarter. Stella-Jones had a return on equity of 14.85% and a net margin of 8.66%. On average, analysts forecast that Stella-Jones will post 6.4457565 earnings per share for the current 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.