Stella-Jones (TSE:SJ) Hits New 52-Week Low on Analyst Downgrade

Stella-Jones Inc. (TSE:SJ) shares hit a new 52-week low on Friday after Desjardins lowered their price target on the stock from C$107.00 to C$104.00. Desjardins currently has a buy rating on the stock. Stella-Jones traded as low as C$72.23 and last traded at C$72.23, with a volume of 115007 shares. The stock had previously closed at C$74.42.

Several other analysts have also recently commented on SJ. TD decreased their target price on Stella-Jones from C$107.00 to C$106.00 and set a “buy” rating for the company in a research report on Tuesday. TD Securities lifted their target price on Stella-Jones from C$97.00 to C$107.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. National Bank Financial lowered shares of Stella-Jones from an “outperform” rating to a “hold” rating and reduced their price target for the stock from C$107.00 to C$95.00 in a research report on Wednesday, April 8th. Raymond James Financial lowered their price objective on shares of Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Scotiabank cut their target price on shares of Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$97.00.

Stella-Jones Stock Performance

The firm has a market cap of C$3.94 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 2.40 and a beta of -0.15. The firm’s 50 day moving average price is C$89.83 and its 200-day moving average price is C$88.24. The company has a debt-to-equity ratio of 80.71, a current ratio of 4.96 and a quick ratio of 1.20.

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