Stella-Jones (TSE:SJ) Price Target Lowered to C$85.00 at Scotiabank

Stella-Jones (TSE:SJ) had its price target cut by research analysts at Scotiabank from C$95.00 to C$85.00 in a note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 15.13% from the stock’s previous close.

Several other brokerages have also recently issued reports on SJ. TD Securities upped their target price on Stella-Jones from C$98.00 to C$103.00 and gave the company a “buy” rating in a report on Thursday, August 8th. National Bankshares upped their price objective on shares of Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Royal Bank of Canada lifted their target price on shares of Stella-Jones from C$94.00 to C$97.00 in a research note on Wednesday, October 9th. Finally, CIBC increased their price target on shares of Stella-Jones from C$94.00 to C$97.00 in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$88.00.

Stella-Jones Price Performance

TSE SJ traded down C$1.54 during trading hours on Thursday, hitting C$73.83. 206,144 shares of the company’s stock traded hands, compared to its average volume of 137,862. The company has a market capitalization of C$4.16 billion, a PE ratio of 11.96, a PEG ratio of 2.40 and a beta of 0.64. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. Stella-Jones has a 52-week low of C$71.41 and a 52-week high of C$98.00. The firm’s 50-day moving average is C$89.81 and its 200-day moving average is C$87.81.

Stella-Jones (TSE:SJ) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.96 by C($0.02). Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. The company had revenue of C$1.05 billion during the quarter, compared to analysts’ expectations of C$1.07 billion. Equities analysts forecast that Stella-Jones will post 6.4457565 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director James Augustus Manzi sold 5,000 shares of Stella-Jones stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$92.92, for a total value of C$464,583.48. 0.14% of the stock is currently owned by corporate insiders.

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.