Stella-Jones (TSE:SJ) Reaches New 1-Year Low – Time to Sell?

Stella-Jones Inc. (TSE:SJ) shares hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$62.66 and last traded at C$62.85, with a volume of 48,629 shares changing hands. The stock had previously closed at C$66.96.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. National Bank Financial decreased their price target on Stella-Jones from C$95.00 to C$92.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Raymond James Financial dropped their price objective on Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Canadian Imperial Bank of Commerce cut their target price on shares of Stella-Jones from C$87.00 to C$82.00 in a research report on Thursday, July 9th. Desjardins reduced their target price on shares of Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Scotiabank reduced their target price on shares of Stella-Jones from C$93.00 to C$85.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, August 12th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Stella-Jones has an average rating of “Moderate Buy” and a consensus price target of C$89.62.

Stella-Jones Stock Down 8.0%

The firm’s 50-day simple moving average is C$67.42 and its 200 day simple moving average is C$80.23. The company has a market cap of C$3.36 billion, a P/E ratio of 13.05, a PEG ratio of 2.40 and a beta of -0.12. The company has a debt-to-equity ratio of 75.40, a quick ratio of 1.20 and a current ratio of 5.25.

Stella-Jones (TSE:SJ) last posted its quarterly earnings results on Wednesday, November 4th. The company reported C$1.39 earnings per share for the quarter. Stella-Jones had a return on equity of 12.35% and a net margin of 7.36%. The company had revenue of C$979.00 million for the quarter. On average, research analysts forecast that Stella-Jones Inc. will post 6.45 earnings per share for the current fiscal year.

About Stella-Jones

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.