Stella-Jones (TSE:SJ) Stock Price Target Cut by Royal Bank Of Canada

Stella-Jones (TSE:SJ) had its price target lowered by Royal Bank Of Canada from C$76.00 to C$70.00 in a research note issued to investors on Thursday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s target price indicates a potential upside of 9.74% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Desjardins lowered their target price on Stella-Jones from C$99.00 to C$77.00 and set a “buy” rating for the company in a research note on Thursday. Scotiabank reduced their price target on Stella-Jones from C$79.00 to C$76.00 and set a “sector outperform” rating on the stock in a research report on Thursday. TD decreased their price target on Stella-Jones from C$93.00 to C$81.00 and set a “buy” rating for the company in a report on Thursday. Raymond James Financial lowered their price objective on shares of Stella-Jones from C$83.00 to C$80.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of Stella-Jones from C$87.00 to C$82.00 in a research note on Thursday, July 9th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$81.62.

Stella-Jones Stock Up 3.0%

Stella-Jones stock traded up C$1.87 during trading on Thursday, reaching C$63.79. 215,202 shares of the company’s stock were exchanged, compared to its average volume of 171,178. Stella-Jones has a 52-week low of C$58.37 and a 52-week high of C$101.31. The firm has a market cap of C$3.48 billion, a price-to-earnings ratio of 13.51, 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. The company’s 50-day moving average is C$67.27 and its two-hundred day moving average is C$80.09.

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