Stella-Jones (TSE:SJ) Given New C$100.00 Price Target at CIBC

Stella-Jones (TSE:SJ) had its target price increased by stock analysts at CIBC from C$90.00 to C$100.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 2.24% from the stock’s current price.

SJ has been the subject of several other research reports. Raymond James Financial set a C$100.00 price target on Stella-Jones and gave the stock an “outperform” rating in a research note on Thursday, November 20th. National Bankshares raised their price objective on Stella-Jones from C$95.00 to C$107.00 and gave the company an “outperform” rating in a report on Monday, December 15th. Desjardins set a C$102.00 target price on Stella-Jones and gave the stock a “buy” rating in a research report on Friday, December 12th. TD Securities increased their price target on shares of Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Scotiabank upgraded shares of Stella-Jones from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from C$88.00 to C$98.00 in a report on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Stella-Jones has an average rating of “Moderate Buy” and an average price target of C$98.71.

Stella-Jones Price Performance

Shares of TSE SJ traded up C$0.30 during midday trading on Friday, hitting C$97.81. 62,023 shares of the company’s stock were exchanged, compared to its average volume of 123,573. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. The business’s fifty day moving average price is C$87.84 and its two-hundred day moving average price is C$82.63. The company has a market cap of C$5.37 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.40 and a beta of -0.17. Stella-Jones has a 12-month low of C$62.26 and a 12-month high of C$99.60.

Stella-Jones (TSE:SJ) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$1.59 EPS for the quarter. The business had revenue of C$958.00 million during the quarter. Stella-Jones had a net margin of 9.43% and a return on equity of 18.36%. As a group, research analysts forecast that Stella-Jones will post 6.4457565 EPS for the current fiscal year.

Insider Activity

In other news, Director Michelle Annette Banik acquired 472 shares of the stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average cost of C$84.60 per share, with a total value of C$39,931.20. Following the completion of the purchase, the director owned 472 shares in the company, valued at approximately C$39,931.20. The trade was a ∞ increase in their position. Insiders own 0.14% of the company’s stock.

About Stella-Jones

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets. The vast majority of its revenue comes from the Pressure-treated wood segment.