Stella-Jones Inc. (TSE:SJ) Given Average Recommendation of “Moderate Buy” by Brokerages

Stella-Jones Inc. (TSE:SJ) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$91.00.

A number of research analysts have recently commented on the company. National Bankshares raised their target price on Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada lowered 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 report on Monday, July 8th. CIBC boosted their target price on shares of Stella-Jones from C$85.00 to C$86.00 in a report on Thursday, April 11th. Scotiabank increased their price target on shares of Stella-Jones from C$86.00 to C$88.00 in a research note on Thursday, May 9th. Finally, TD Securities boosted their price objective on shares of Stella-Jones from C$94.00 to C$98.00 in a research note on Friday, May 10th.

Stella-Jones Stock Up 0.9 %

Shares of TSE SJ opened at C$92.13 on Thursday. The firm has a fifty day simple moving average of C$85.83 and a two-hundred day simple moving average of C$81.12. The firm has a market capitalization of C$5.22 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 2.40 and a beta of 0.68. The company has a current ratio of 6.38, a quick ratio of 1.20 and a debt-to-equity ratio of 100.69. Stella-Jones has a 12 month low of C$61.85 and a 12 month high of C$92.70.

Stella-Jones (TSE:SJ) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.09 by C$0.27. The company had revenue of C$775.00 million during the quarter, compared to the consensus estimate of C$781.85 million. Stella-Jones had a net margin of 10.14% and a return on equity of 20.77%. Equities analysts expect that Stella-Jones will post 5.7120805 earnings per share for the current year.

Stella-Jones Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Monday, June 3rd were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, June 3rd. Stella-Jones’s dividend payout ratio is presently 18.82%.

Insider Buying and Selling

In other news, Director James Augustus Manzi sold 5,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of C$79.67, for a total transaction of C$398,350.00. 0.14% of the stock is currently owned by company 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.