Stella-Jones (TSE:SJ) Price Target Raised to C$99.00

Stella-Jones (TSE:SJ) had its target price hoisted by research analysts at National Bankshares from C$91.00 to C$99.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 8.52% from the company’s previous close.

Several other research analysts have also weighed in on SJ. TD Securities increased their target price on shares of Stella-Jones from C$94.00 to C$98.00 in a research note on Friday, May 10th. CIBC raised their price objective on shares of Stella-Jones from C$85.00 to C$86.00 in a research note on Thursday, April 11th. Royal Bank of Canada lowered shares of Stella-Jones from an “outperform” rating to a “sector perform” rating and set a C$94.00 price objective for the company. in a research note on Monday, July 8th. Finally, Scotiabank lifted their price target on shares of Stella-Jones from C$86.00 to C$88.00 in a research note on Thursday, May 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$91.00.

Stella-Jones Price Performance

Shares of TSE:SJ traded up C$1.13 on Tuesday, reaching C$91.23. The company’s stock had a trading volume of 32,652 shares, compared to its average volume of 131,764. Stella-Jones has a 52-week low of C$61.85 and a 52-week high of C$92.61. The company has a debt-to-equity ratio of 100.69, a quick ratio of 1.20 and a current ratio of 6.38. The company has a 50-day simple moving average of C$85.22 and a 200 day simple moving average of C$80.94. The company has a market cap of C$5.17 billion, a P/E ratio of 15.33, a PEG ratio of 2.40 and a beta of 0.68.

Stella-Jones (TSE:SJ) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$1.36 EPS for the quarter, topping the consensus estimate of C$1.09 by C$0.27. Stella-Jones had a net margin of 10.14% and a return on equity of 20.77%. The firm had revenue of C$775.00 million during the quarter, compared to analyst estimates of C$781.85 million. As a group, equities research analysts anticipate that Stella-Jones will post 5.7120805 EPS for the current fiscal year.

Insider Activity

In related news, Director James Augustus Manzi sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$61.93, for a total transaction of C$309,661.50. 0.14% of the stock is currently owned by insiders.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.