Stella-Jones Inc. (TSE:SJ – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$68.02 and last traded at C$68.10, with a volume of 76984 shares changing hands. The stock had previously closed at C$68.77.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Scotiabank reduced their price target on shares of Stella-Jones from C$93.00 to C$85.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, August 12th. Royal Bank Of Canada dropped their target price on shares of Stella-Jones from C$82.00 to C$79.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. National Bank Financial reduced their target price on shares of Stella-Jones from C$95.00 to C$92.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. Desjardins decreased their price target on shares of Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce lowered their price target on shares of Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th. Five research 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.com, Stella-Jones currently has an average rating of “Moderate Buy” and a consensus price target of C$90.00.
Check Out Our Latest Stock Analysis on Stella-Jones
Stella-Jones Stock Performance
Stella-Jones (TSE:SJ – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.59 earnings per share for the quarter. Stella-Jones had a return on equity of 12.35% and a net margin of 7.36%.The firm had revenue of C$1.04 billion during the quarter. Research analysts predict that Stella-Jones Inc. will post 6.4457565 earnings per share for the current fiscal year.
About Stella-Jones
Stella-Jones Inc (TSX: SJ) is a leading North American manufacturer of products focused on supporting infrastructure essential to the electrical distribution and transmission network, and the operation and maintenance of railway transportation systems. It supplies the continent’s major electrical utility companies with treated wood poles and crossarms, steel lattice towers and steel transmission poles, as well as North America’s Class 1, short line and commercial railroad operators with treated wood railway ties.
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