Stella-Jones (OTCMKTS:STLJF) Shares Gap Up – Should You Buy?

Stella-Jones Inc. (OTCMKTS:STLJF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $64.21, but opened at $68.93. Stella-Jones shares last traded at $68.93, with a volume of 647 shares trading hands.

Analysts Set New Price Targets

Separately, Scotiabank raised shares of Stella-Jones from a “sector perform” rating to an “outperform” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Stella-Jones currently has an average rating of “Buy”.

Stella-Jones Stock Down 1.9%

The firm’s 50 day simple moving average is $68.74 and its 200 day simple moving average is $62.82.

Stella-Jones (OTCMKTS:STLJF) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The firm had revenue of $529.37 million during the quarter, compared to analysts’ expectations of $554.50 million.

Stella-Jones Company Profile

Stella-Jones Inc is a North American producer and distributor of pressure-treated wood products used in infrastructure, utility and residential applications. The company’s core offerings include treated railroad ties, utility poles, crossarms, landscape timbers and posts designed to withstand environmental stresses and extend service life. These products support a range of end markets from railways and power transmission to fencing and outdoor construction.

Founded in 1970 and headquartered in Montreal, Canada, Stella-Jones has grown through both organic expansion and targeted acquisitions to establish a network of manufacturing and treatment facilities across Canada and the United States.