Stella-Jones (TSE:SJ) Hits New 1-Year Low – Time to Sell?

Shares of Stella-Jones Inc. (TSE:SJ) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$68.20 and last traded at C$68.33, with a volume of 29618 shares traded. The stock had previously closed at C$68.99.

Analyst Ratings Changes

SJ has been the topic of several research analyst reports. Raymond James Financial lowered their price target on Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada reduced their price objective on Stella-Jones from C$82.00 to C$79.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. Scotiabank dropped their target price on Stella-Jones from C$93.00 to C$85.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, August 12th. Desjardins cut their price target on Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, National Bank Financial reduced their price target on shares of Stella-Jones from C$95.00 to C$92.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Stella-Jones presently has a consensus rating of “Moderate Buy” and an average target price of C$90.00.

Stella-Jones Price Performance

The firm has a 50 day moving average price of C$76.74 and a 200 day moving average price of C$82.98. The stock has a market capitalization of C$3.72 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07. The company has a current ratio of 5.25, a quick ratio of 1.20 and a debt-to-equity ratio of 75.40.

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