Stella-Jones (TSE:SJ) Price Target Lowered to C$90.00 at Raymond James Financial

Stella-Jones (TSE:SJ) had its price target trimmed by Raymond James Financial from C$95.00 to C$90.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Scotiabank cut their target price on shares of Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce decreased their price target on shares of Stella-Jones from C$87.00 to C$82.00 in a research note on Thursday, July 9th. Desjardins lowered their price objective on shares of Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating for the company in a report on Thursday, May 7th. TD cut their price objective on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, National Bank Financial cut Stella-Jones from an “outperform” rating to a “hold” rating and cut their price objective for the company from C$107.00 to C$95.00 in a research report on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Stella-Jones has a consensus rating of “Moderate Buy” and a consensus target price of C$93.75.

Stella-Jones Stock Performance

TSE:SJ opened at C$78.71 on Monday. The stock has a market cap of C$4.29 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07. The firm’s fifty day simple moving average is C$78.97 and its 200 day simple moving average is C$85.97. Stella-Jones has a twelve month low of C$69.94 and a twelve month high of C$101.31. The company has a quick ratio of 1.20, a current ratio of 4.96 and a debt-to-equity ratio of 80.71.

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. Stella-Jones had a net margin of 8.66% and a return on equity of 14.85%. The business had revenue of C$791.00 million for the quarter. As a group, research analysts predict that Stella-Jones will post 6.4457565 EPS for the current year.

Insider Buying and Selling at Stella-Jones

In other Stella-Jones news, Director Kevin Patrick Comerford bought 500 shares of Stella-Jones stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of C$72.06 per share, with a total value of C$36,030.00. Following the transaction, the director directly owned 6,176 shares of the company’s stock, valued at C$445,042.56. This represents a 8.81% increase in their ownership of the stock. Also, Director Kenner James purchased 937 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired 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 represents a 104.46% increase in their ownership of the stock. Over the last 90 days, insiders bought 3,443 shares of company stock valued at $247,814. 0.14% of the stock is currently owned by company insiders.

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.