Stella-Jones (TSE:SJ) Given New C$95.00 Price Target at Royal Bank Of Canada

Stella-Jones (TSE:SJ) had its target price hoisted by Royal Bank Of Canada from C$89.00 to C$95.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other brokerages have also issued reports on SJ. TD Securities upped their target price on shares of Stella-Jones from C$90.00 to C$97.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Desjardins set a C$102.00 price objective on Stella-Jones and gave the stock a “buy” rating in a report on Friday, December 12th. Canadian Imperial Bank of Commerce raised their price objective on Stella-Jones from C$90.00 to C$100.00 in a report on Friday, February 6th. Raymond James Financial set a C$100.00 target price on Stella-Jones and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Finally, Scotiabank upgraded shares of Stella-Jones from a “hold” rating to an “outperform” rating and increased their price target for the company from C$88.00 to C$98.00 in a research report on Thursday, January 29th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$99.86.

Stella-Jones Price Performance

Shares of TSE SJ traded up C$0.89 during midday trading on Friday, hitting C$93.61. 205,228 shares of the company’s stock were exchanged, compared to its average volume of 132,888. 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$91.47 and its two-hundred day moving average price is C$84.63. The company has a market cap of C$5.14 billion, a price-to-earnings ratio of 15.32, 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$101.31.

Stella-Jones (TSE:SJ) last announced its earnings results on Thursday, February 26th. The company reported C$0.91 earnings per share (EPS) for the quarter. The business had revenue of C$727.00 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.

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.