Stella-Jones (TSE:SJ) Price Target Increased to C$97.00 by Analysts at CIBC

Stella-Jones (TSE:SJ) had its price objective raised by CIBC from C$94.00 to C$97.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Several other analysts have also recently commented on SJ. Scotiabank raised their target price on Stella-Jones from C$86.00 to C$88.00 in a research report on Thursday, May 9th. National Bankshares upped their target price on Stella-Jones from C$91.00 to C$99.00 and gave the company an outperform rating in a report on Tuesday, July 16th. TD Securities increased their price target on shares of Stella-Jones from C$94.00 to C$98.00 in a research report on Friday, May 10th. Finally, Royal Bank of Canada downgraded shares of Stella-Jones from an outperform rating to a sector perform rating and set a C$94.00 price objective on the stock. in a research report on Monday, July 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of C$93.29.

Stella-Jones Trading Up 2.7 %

SJ traded up C$2.31 during trading on Thursday, reaching C$89.31. The company had a trading volume of 135,069 shares, compared to its average volume of 135,297. Stella-Jones has a 12-month low of C$61.85 and a 12-month high of C$98.00. The firm’s 50-day simple moving average is C$89.27 and its 200 day simple moving average is C$82.66. The company has a market cap of C$5.06 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 2.40 and a beta of 0.68. The company has a debt-to-equity ratio of 100.69, a quick ratio of 1.20 and a current ratio of 6.38.

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

Insider Activity at Stella-Jones

In related news, Director James Augustus Manzi sold 5,000 shares of Stella-Jones stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$61.93, for a total value of C$309,661.50. Insiders own 0.14% of the company’s stock.

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.