Brokerages Set Stella-Jones Inc. (TSE:SJ) Target Price at C$95.38

Stella-Jones Inc. (TSE:SJ) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$95.38.

Several brokerages have weighed in on SJ. National Bank Financial lowered shares of Stella-Jones from an “outperform” rating to a “hold” rating and lowered their target price for the stock from C$107.00 to C$95.00 in a research report on Wednesday, April 8th. Raymond James Financial dropped their target price on Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada decreased their price target on Stella-Jones from C$93.00 to C$85.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 7th. TD dropped their price objective on shares of Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, Desjardins cut their price target on shares of Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a report on Thursday, May 7th.

Insiders Place Their Bets

In other Stella-Jones news, Director Anne Elizabeth Giardini acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of C$71.25 per share, with a total value of C$71,250.00. Following the acquisition, the director directly owned 3,400 shares of the company’s stock, valued at C$242,250. This represents a 41.67% increase in their position. Also, Director Kenner James acquired 937 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of C$73.22 per share, with a total value of C$68,607.14. Following the completion of the acquisition, the director directly owned 1,834 shares of the company’s stock, valued at approximately C$134,285.48. This represents a 104.46% increase in their ownership of the stock. Over the last three months, insiders have acquired 3,443 shares of company stock valued at $247,814. Company insiders own 0.14% of the company’s stock.

Stella-Jones Stock Up 0.3%

Shares of SJ opened at C$80.06 on Monday. The stock has a market capitalization of C$4.37 billion, a PE ratio of 14.50, a P/E/G ratio of 2.40 and a beta of 0.00. Stella-Jones has a 1 year low of C$69.94 and a 1 year high of C$101.31. The company has a debt-to-equity ratio of 80.71, a quick ratio of 1.20 and a current ratio of 4.96. The company’s 50-day simple moving average is C$78.89 and its 200-day simple moving average is C$86.86.

Stella-Jones (TSE:SJ) last released its earnings results on Wednesday, May 6th. The company reported C$1.12 earnings per share (EPS) for the quarter. The firm had revenue of C$791.00 million during the quarter. Stella-Jones had a return on equity of 14.85% and a net margin of 8.66%. Analysts forecast that Stella-Jones will post 6.4457565 earnings per share 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.