National Bank Financial Lowers Stella-Jones (TSE:SJ) Price Target to C$92.00

Stella-Jones (TSE:SJ) had its price objective decreased by equities research analysts at National Bank Financial from C$95.00 to C$92.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 21.44% from the company’s previous close.

A number of other analysts have also recently commented on SJ. TD dropped their target price on shares of Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Desjardins lowered their price target on shares of Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Scotiabank dropped their price objective on shares of Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce cut their price objective on shares of Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th. Finally, Raymond James Financial decreased their target price on shares of Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating for the company in a research note on Friday. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$91.50.

Stella-Jones Stock Up 1.5%

Shares of SJ stock traded up C$1.14 during midday trading on Friday, reaching C$75.76. 114,554 shares of the stock were exchanged, compared to its average volume of 150,135. Stella-Jones has a 1 year low of C$69.94 and a 1 year high of C$101.31. The firm has a market cap of C$4.13 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07. The company’s 50 day moving average is C$79.50 and its two-hundred day moving average is C$85.39. The company has a current ratio of 4.96, a quick ratio of 1.20 and a debt-to-equity ratio of 80.71.

Stella-Jones (TSE:SJ) last released its earnings results on Thursday, August 6th. The company reported C$1.59 EPS for the quarter. Stella-Jones had a return on equity of 14.85% and a net margin of 8.66%.The company had revenue of C$1.04 billion during the quarter. On average, equities research analysts predict that Stella-Jones will post 6.4457565 EPS for the current year.

Insider Buying and Selling

In other news, Director Kevin Patrick Comerford acquired 500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of C$72.06 per share, with a total value of C$36,030.00. Following the transaction, the director owned 6,176 shares of the company’s stock, valued at C$445,042.56. This trade represents a 8.81% increase in their position. Also, Director Anne Elizabeth Giardini acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of C$71.25 per share, for a total transaction of C$71,250.00. Following the completion of the transaction, the director directly owned 3,400 shares in the company, valued at C$242,250. The trade was a 41.67% increase in their position. Insiders have bought a total of 3,443 shares of company stock worth $247,814 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

About Stella-Jones

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets. The vast majority of its revenue comes from the Pressure-treated wood segment.