Stella-Jones (TSE:SJ) Price Target Cut to C$79.00 by Analysts at Royal Bank Of Canada

Stella-Jones (TSE:SJGet Free Report) had its price target reduced by Royal Bank Of Canada from C$82.00 to C$79.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 4.28% from the company’s previous close.

A number of other brokerages have also recently weighed in on SJ. Desjardins reduced their price target 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. National Bank Financial cut their price objective on Stella-Jones from C$95.00 to C$92.00 and set a “sector perform” rating on the stock in a research note on Friday. Raymond James Financial cut their price objective on Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Friday. TD decreased their target price on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce lowered their price target on Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$91.50.

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Stella-Jones Stock Up 1.5%

Shares of Stella-Jones stock traded up C$1.14 during midday trading on Friday, reaching C$75.76. 114,554 shares of the company’s stock traded hands, compared to its average volume of 150,135. The company has a debt-to-equity ratio of 80.71, a quick ratio of 1.20 and a current ratio of 4.96. Stella-Jones has a 52 week low of C$69.94 and a 52 week high of C$101.31. The company’s 50 day simple moving average is C$79.50 and its 200 day simple moving average is C$85.39. The company has a market cap of C$4.13 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07.

Stella-Jones (TSE:SJGet Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.59 earnings per share (EPS) for the quarter. The firm had revenue of C$1.04 billion during the quarter. Stella-Jones had a net margin of 8.66% and a return on equity of 14.85%. Equities analysts expect that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Insider Buying and Selling at Stella-Jones

In other Stella-Jones news, Director Kenner James acquired 937 shares of the business’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 transaction, the director owned 1,834 shares of the company’s stock, valued at approximately C$134,285.48. This trade represents a 104.46% increase in their ownership of the stock. Also, Director Kevin Patrick Comerford bought 500 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of C$72.06 per share, with a total value of C$36,030.00. Following the purchase, the director owned 6,176 shares in the company, valued at C$445,042.56. This trade represents a 8.81% increase in their ownership of the stock. Insiders bought 3,443 shares of company stock worth $247,814 over the last ninety days. Company insiders own 0.14% of the company’s stock.

About Stella-Jones

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Stella-Jones (TSE:SJ)

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