National Bank Financial Downgrades Stella-Jones (TSE:SJ) to Sector Perform

Stella-Jones (TSE:SJ) was downgraded by equities research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report released on Wednesday,BayStreet.CA reports. They currently have a C$95.00 price target on the stock, down from their prior price target of C$107.00. National Bank Financial’s price objective indicates a potential upside of 11.06% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Desjardins set a C$102.00 target price on shares of Stella-Jones and gave the stock a “buy” rating in a research note on Friday, December 12th. TD Securities upped their target price on shares of Stella-Jones from C$97.00 to C$107.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Royal Bank Of Canada upped their target price on shares of Stella-Jones from C$89.00 to C$95.00 in a research note on Friday, February 27th. Scotiabank upgraded shares of Stella-Jones from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$88.00 to C$98.00 in a research note on Thursday, January 29th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Stella-Jones from C$90.00 to C$100.00 in a research note on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Stella-Jones has an average rating of “Moderate Buy” and a consensus price target of C$99.57.

Stella-Jones Stock Down 2.9%

Shares of TSE SJ traded down C$2.53 during trading on Wednesday, hitting C$85.54. The stock had a trading volume of 105,619 shares, compared to its average volume of 127,598. Stella-Jones has a 12 month low of C$62.26 and a 12 month high of C$101.31. The company has a debt-to-equity ratio of 92.30, a current ratio of 7.40 and a quick ratio of 1.20. The company has a market capitalization of C$4.67 billion, a PE ratio of 14.05, a PEG ratio of 2.40 and a beta of -0.11. The firm has a fifty day moving average of C$95.05 and a two-hundred day moving average of C$87.73.

Stella-Jones (TSE:SJ) last posted its earnings results on Thursday, February 26th. The company reported C$0.91 earnings per share (EPS) for the quarter. Stella-Jones had a net margin of 9.65% and a return on equity of 16.67%. The firm had revenue of C$727.00 million during the quarter. As a group, equities research analysts forecast that Stella-Jones will post 6.4457565 EPS for the current fiscal 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.