Stella-Jones (TSE:SJ) Given New C$81.00 Price Target at Royal Bank of Canada

Stella-Jones (TSE:SJ) had its target price reduced by Royal Bank of Canada from C$97.00 to C$81.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other research analysts have also issued reports on the stock. Scotiabank decreased their target price on shares of Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday. CIBC increased their price objective on shares of Stella-Jones from C$94.00 to C$97.00 in a research note on Thursday, August 8th. TD Securities increased their price objective on shares of Stella-Jones from C$98.00 to C$103.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, National Bankshares raised their price target on shares of Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Stella-Jones has an average rating of “Moderate Buy” and an average price target of C$88.00.

Stella-Jones Trading Down 2.3 %

Shares of TSE SJ traded down C$1.71 during midday trading on Thursday, reaching C$72.55. 143,409 shares of the stock were exchanged, compared to its average volume of 138,820. The business has a 50-day simple moving average of C$89.52 and a two-hundred day simple moving average of C$87.72. The company has a market capitalization of C$4.09 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 2.40 and a beta of 0.64. Stella-Jones has a 12 month low of C$71.41 and a 12 month high of C$98.00. 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 (TSE:SJ) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$1.94 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 analyst estimates of C$1.07 billion. As a group, equities research analysts expect that Stella-Jones will post 6.4457565 EPS for the current year.

Stella-Jones Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.54%. Stella-Jones’s payout ratio is 18.09%.

Insiders Place Their Bets

In other Stella-Jones news, Director James Augustus Manzi sold 5,000 shares of the business’s 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. 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.