Stella-Jones Inc. (TSE:SJ) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Stella-Jones Inc. (TSE:SJ) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$90.00.

A number of brokerages have recently issued reports on SJ. TD dropped their target price on shares of Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Desjardins reduced their price target on Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating for the company in a report on Friday, August 7th. Raymond James Financial reduced their price target on Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Royal Bank Of Canada dropped their price objective on Stella-Jones from C$82.00 to C$79.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce reduced their target price on Stella-Jones from C$87.00 to C$82.00 in a research note on Thursday, July 9th.

Stella-Jones Stock Performance

Shares of TSE SJ opened at C$73.60 on Tuesday. The stock has a 50 day moving average price of C$79.00 and a 200 day moving average price of C$84.74. Stella-Jones has a 52 week low of C$69.94 and a 52 week high of C$101.31. The company has a debt-to-equity ratio of 75.40, a quick ratio of 1.20 and a current ratio of 5.25. The stock has a market capitalization of C$4.02 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07.

Stella-Jones (TSE:SJ) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.59 earnings per share for the quarter. Stella-Jones had a return on equity of 12.35% and a net margin of 7.36%.The firm had revenue of C$1.04 billion for the quarter. Analysts predict 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.