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

Stella-Jones Inc. (TSE:SJ)’s share price reached a new 52-week low on Tuesday . The company traded as low as C$68.02 and last traded at C$68.10, with a volume of 76984 shares traded. The stock had previously closed at C$68.77.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SJ. TD reduced their target price on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Royal Bank Of Canada lowered their price target on Stella-Jones from C$82.00 to C$79.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Raymond James Financial dropped their price target on Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Scotiabank cut their price objective on shares of Stella-Jones from C$93.00 to C$85.00 and set a “sector outperform” rating on the stock in a report on Wednesday, August 12th. Finally, National Bank Financial decreased their price objective 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 research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$90.00.

Stella-Jones Price Performance

The company has a market cap of C$3.72 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.40 and a beta of -0.16. 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 50 day moving average of C$75.41 and a 200-day moving average of C$81.92.

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. The business had revenue of C$1.04 billion for the quarter. Stella-Jones had a return on equity of 12.35% and a net margin of 7.36%. Equities analysts predict that Stella-Jones Inc. will post 6.4457565 earnings per share for the current 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.