Stella-Jones (TSE:SJ) Stock Price Target Cut by TD

Stella-Jones (TSE:SJ) had its target price dropped by investment analysts at TD from C$93.00 to C$81.00 in a research note issued to investors on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD‘s price objective indicates a potential upside of 23.01% from the stock’s current price.

A number of other research firms also recently commented on SJ. National Bank Financial reduced their price objective on shares of Stella-Jones from C$92.00 to C$80.00 and set a “sector perform” rating for the company in a research note on Thursday. Scotiabank lowered their target price on Stella-Jones from C$79.00 to C$76.00 and set a “sector outperform” rating on the stock in a research report on Thursday. Desjardins dropped their target price on Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada dropped their target price on Stella-Jones from C$79.00 to C$76.00 in a report on Wednesday, September 30th. Finally, Canadian Imperial Bank of Commerce lowered their price target on Stella-Jones from C$87.00 to C$82.00 in a research report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Stella-Jones presently has an average rating of “Moderate Buy” and an average price target of C$81.62.

Stella-Jones Stock Up 1.3%

SJ traded up C$0.84 during trading hours on Thursday, hitting C$65.85. 197,386 shares of the company’s stock were exchanged, compared to its average volume of 172,112. Stella-Jones has a 1-year low of C$58.37 and a 1-year high of C$101.31. The stock’s 50-day moving average is C$67.10 and its two-hundred day moving average is C$79.86. The stock has a market cap of C$3.59 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 2.40 and a beta of 0.06. The company has a quick ratio of 1.20, a current ratio of 4.86 and a debt-to-equity ratio of 70.31.

Stella-Jones (TSE:SJ) last released its 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 6.27% and a return on equity of 10.40%. The business 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 fiscal year.

Key Headlines Impacting Stella-Jones

Here are the key news stories impacting Stella-Jones this week:

• Positive Sentiment: Management outlined up to $100 million in cost savings over three years and is targeting a full operating run rate at its Candiac facility by the end of Q1 2027. If achieved, the savings could improve margins. Article: Stella-Jones outlines up to $100M in 3-year cost savings
• Positive Sentiment: A recent analysis argues Stella-Jones shares look undervalued based on cash flow, which may appeal to investors focused on valuation. Article: Stella Jones Stock Looks Below Fair Value On Cash Flow
• Neutral Sentiment: Third-quarter sales rose, but adjusted earnings fell. The company also announced a normal-course issuer bid; the earnings trend is a concern, while the buyback could provide some support depending on its execution. Article: Stella-Jones Q3 adjusted earnings fall, sales rise; announces normal course issuer bid
• Negative Sentiment: Several firms cut their price targets, signaling more cautious expectations. Raymond James lowered its target to C$80, Desjardins to C$77, Scotiabank to C$76, TD to C$81, RBC to C$70, and National Bank Financial to C$80. Their ratings remain at outperform, buy, or sector perform, but the target reductions are a near-term sentiment headwind. Read More., Read More., Read More., Read More., Read More., Read More..

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.