Desjardins Upgrades Stella-Jones Inc. (SJ) to Buy
Stella-Jones Inc. (TSE:SJ) was upgraded by equities researchers at Desjardins from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.
Several other brokerages have also issued reports on SJ. TD Securities cut their price target on Stella-Jones from C$59.00 to C$56.00 and set a “buy” rating on the stock in a report on Thursday, August 11th. Scotiabank reiterated a “sector perform” rating and issued a C$53.00 price target on shares of Stella-Jones in a report on Thursday, August 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a C$56.00 price target on shares of Stella-Jones in a report on Wednesday, July 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$54.58.
Stella-Jones (TSE:SJ) opened at 45.95 on Monday. The company has a market capitalization of $3.18 billion and a P/E ratio of 19.64. The stock’s 50 day moving average price is $44.96 and its 200 day moving average price is $46.99. Stella-Jones has a 52 week low of $39.00 and a 52 week high of $54.00.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 23rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, August 31st.
Stella-Jones Inc is a Canada-based producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and electrical utilities and telecommunication companies with utility poles. It also provides residential lumber and customized services to retailers and wholesalers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal-tar based products.
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