Stella-Jones (TSE:SJ) Stock Gets Price Target Trim from Desjardins

Stella-Jones (TSE:SJ) had its price objective cut by Desjardins from C$99.00 to C$77.00 in a report issued on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins‘s price objective would suggest a potential upside of 20.71% from the company’s current price.

A number of other analysts have also recently commented on SJ. National Bank Financial cut their price objective on Stella-Jones from C$92.00 to C$80.00 and set a “sector perform” rating for the company in a research report on Thursday. TD decreased their target price on Stella-Jones from C$93.00 to C$81.00 and set a “buy” rating on the stock in a research report on Thursday. Scotiabank decreased their target price on Stella-Jones from C$79.00 to C$76.00 and set a “sector outperform” rating on the stock in a research report on Thursday. Royal Bank Of Canada dropped their price target on shares of Stella-Jones from C$79.00 to C$76.00 in a research note on Wednesday, September 30th. Finally, Canadian Imperial Bank of Commerce cut their price target on shares of Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Stella-Jones has an average rating of “Moderate Buy” and an average price target of C$81.62.

Stella-Jones Price Performance

Shares of Stella-Jones stock traded up C$1.87 on Thursday, hitting C$63.79. The company’s stock had a trading volume of 215,202 shares, compared to its average volume of 171,178. The company has a market capitalization of C$3.48 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 2.40 and a beta of -0.12. Stella-Jones has a 1 year low of C$58.37 and a 1 year 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 firm has a fifty day moving average price of C$67.27 and a 200-day moving average price of C$80.09.

Stella-Jones (TSE:SJ) last issued its quarterly earnings results on Wednesday, November 4th. The company reported C$1.39 earnings per share (EPS) for the quarter. The company had revenue of C$979.00 million for the quarter. Stella-Jones had a return on equity of 12.35% and a net margin of 7.36%. As a group, sell-side analysts anticipate that Stella-Jones will post 6.45 earnings per share for the current fiscal year.

Stella-Jones Company Profile

Stella-Jones Inc (TSX: SJ) is a leading North American manufacturer of products focused on supporting infrastructure essential to the electrical distribution and transmission network, and the operation and maintenance of railway transportation systems. It supplies the continent’s major electrical utility companies with treated wood poles and crossarms, steel lattice towers and steel transmission poles, as well as North America’s Class 1, short line and commercial railroad operators with treated wood railway ties.