Stella-Jones Inc. (TSE:SJ – Get Free Report)’s share price hit a new 52-week low on Monday . The company traded as low as C$69.88 and last traded at C$69.89, with a volume of 90744 shares. The stock had previously closed at C$71.38.
Analyst Ratings Changes
Several research analysts have commented on SJ shares. Royal Bank Of Canada cut their price objective on Stella-Jones from C$82.00 to C$79.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. Desjardins decreased their target price on Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating for the company in a research report on Friday, August 7th. National Bank Financial lowered their target price on Stella-Jones from C$95.00 to C$92.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. TD dropped their target price on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce reduced their price target on Stella-Jones from C$87.00 to C$82.00 in a research report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Stella-Jones presently has an average rating of “Moderate Buy” and a consensus target price of C$90.00.
Read Our Latest Analysis on SJ
Stella-Jones Stock Down 2.3%
Stella-Jones (TSE:SJ – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.59 EPS for the quarter. The business had revenue of C$1.04 billion for the quarter. Stella-Jones had a return on equity of 12.35% and a net margin of 7.36%. As a group, sell-side analysts expect that Stella-Jones Inc. 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.
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