Stella-Jones (TSE:SJ) Reaches New 52-Week High Following Analyst Upgrade

Stella-Jones Inc. (TSE:SJ) shares reached a new 52-week high during mid-day trading on Thursday after Scotiabank upgraded the stock from a sector perform rating to an outperform rating. Scotiabank now has a C$98.00 price target on the stock, up from their previous price target of C$88.00. Stella-Jones traded as high as C$92.84 and last traded at C$91.27, with a volume of 84994 shares traded. The stock had previously closed at C$88.10.

Several other equities research analysts have also recently weighed in on the stock. Desjardins set a C$102.00 price objective on shares of Stella-Jones and gave the stock a “buy” rating in a research report on Friday, December 12th. CIBC cut their price target on shares of Stella-Jones from C$90.00 to C$89.00 in a report on Friday, November 7th. TD Securities increased their price target on shares of Stella-Jones from C$90.00 to C$97.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. National Bankshares boosted their price objective on shares of Stella-Jones from C$95.00 to C$107.00 and gave the company an “outperform” rating in a research report on Monday, December 15th. Finally, Royal Bank Of Canada upped their target price on Stella-Jones from C$78.00 to C$87.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Stella-Jones currently has an average rating of “Moderate Buy” and a consensus target price of C$97.14.

Insider Buying and Selling

In related news, Director Michelle Annette Banik bought 472 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of C$84.60 per share, for a total transaction of C$39,931.20. Following the completion of the transaction, the director directly owned 472 shares of the company’s stock, valued at approximately C$39,931.20. This represents a ∞ increase in their position. 0.14% of the stock is currently owned by insiders.

Stella-Jones Stock Performance

The firm has a market capitalization of C$5.02 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 2.40 and a beta of -0.24. The company has a 50-day moving average of C$86.62 and a 200-day moving average of C$82.03. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53.

Stella-Jones (TSE:SJ) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$1.59 earnings per share for the quarter. Stella-Jones had a return on equity of 18.36% and a net margin of 9.43%.The company had revenue of C$958.00 million during the quarter. On average, equities analysts anticipate that Stella-Jones Inc. will post 6.4457565 earnings per share for the current fiscal 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.