TD Securities Issues Positive Forecast for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its price objective upped by equities research analysts at TD Securities from C$97.00 to C$107.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 12.05% from the company’s previous close.

Several other brokerages have also recently commented on SJ. Desjardins set a C$102.00 price objective on shares of Stella-Jones and gave the company a “buy” rating in a research note on Friday, December 12th. Raymond James Financial set a C$100.00 price target on shares of Stella-Jones and gave the company an “outperform” rating in a research report on Thursday, November 20th. Scotiabank upgraded Stella-Jones from a “hold” rating to an “outperform” rating and upped their price target for the stock from C$88.00 to C$98.00 in a report on Thursday, January 29th. Canadian Imperial Bank of Commerce lifted their price objective on Stella-Jones from C$90.00 to C$100.00 in a report on Friday, February 6th. Finally, National Bank Financial upped their target price 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. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$101.29.

Stella-Jones Stock Performance

TSE:SJ traded up C$1.88 during trading hours on Monday, reaching C$95.49. 46,942 shares of the company’s stock were exchanged, compared to its average volume of 130,715. Stella-Jones has a 1-year low of C$62.26 and a 1-year high of C$101.31. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53. The firm has a market capitalization of C$5.24 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 2.40 and a beta of -0.17. The company has a 50-day moving average of C$91.47 and a 200 day moving average of C$84.73.

Stella-Jones (TSE:SJ) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$0.91 earnings per share (EPS) for the quarter. The company had revenue of C$727.00 million for the quarter. Stella-Jones had a net margin of 9.43% and a return on equity of 18.36%. Research analysts anticipate that Stella-Jones will post 6.4457565 EPS for the current year.

Stella-Jones Company Profile

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.