National Bank Financial Has Lowered Expectations for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its price target lowered by stock analysts at National Bank Financial from C$92.00 to C$80.00 in a report released on Thursday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial‘s price objective points to a potential upside of 25.41% from the company’s previous close.

Several other brokerages have also issued reports on SJ. Canadian Imperial Bank of Commerce dropped their price objective on Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th. Raymond James Financial reduced their target price on Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating for the company in a 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. Royal Bank Of Canada dropped their price target on Stella-Jones from C$79.00 to C$76.00 in a research note on Wednesday, September 30th. Finally, Scotiabank cut their price target on 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. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$81.62.

Stella-Jones Stock Up 3.0%

Shares of TSE SJ traded up C$1.87 during mid-day trading on Thursday, reaching C$63.79. The company had a trading volume of 215,202 shares, compared to its average volume of 171,178. The company has a current ratio of 5.25, a quick ratio of 1.20 and a debt-to-equity ratio of 75.40. The firm has a 50 day simple moving average of C$67.27 and a two-hundred day simple moving average of C$80.09. The stock has a market cap of C$3.48 billion, a P/E ratio of 13.51, a PEG ratio of 2.40 and a beta of -0.12. Stella-Jones has a 52-week low of C$58.37 and a 52-week high of C$101.31.

Stella-Jones (TSE:SJ) last announced its quarterly earnings results on Wednesday, November 4th. The company reported C$1.39 earnings per share for the quarter. Stella-Jones had a net margin of 7.36% and a return on equity of 12.35%. The firm had revenue of C$979.00 million during the quarter. Sell-side analysts predict that Stella-Jones will post 6.45 earnings per share for the current year.

Stella-Jones Company Profile

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.