Royal Bank Of Canada Cuts Stella-Jones (TSE:SJ) Price Target to C$76.00

Stella-Jones (TSE:SJ) had its price objective decreased by Royal Bank Of Canada from C$79.00 to C$76.00 in a report issued on Wednesday morning,BayStreet reports.

A number of other equities analysts also recently issued reports on the company. Scotiabank reduced their price target 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 dropped their target price on Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce reduced their target price on Stella-Jones from C$87.00 to C$82.00 in a research report on Thursday, July 9th. Raymond James Financial decreased their price target on Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Finally, National Bank Financial lowered their price target on Stella-Jones from C$95.00 to C$92.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$89.62.

Stella-Jones Stock Up 0.0%

Shares of Stella-Jones stock opened at C$65.63 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 5.25 and a debt-to-equity ratio of 75.40. The company has a market cap of C$3.58 billion, a P/E ratio of 13.90, a PEG ratio of 2.40 and a beta of -0.16. The firm’s 50 day moving average price is C$71.49 and its 200-day moving average price is C$78.34. Stella-Jones has a 52-week low of C$64.64 and a 52-week high of C$101.31.

Stella-Jones (TSE:SJ) last posted its earnings results on Thursday, August 6th. The company reported C$1.59 EPS for the quarter. The company had revenue of C$1.04 billion during the quarter. Stella-Jones had a net margin of 7.36% and a return on equity of 12.35%. On average, sell-side analysts predict that Stella-Jones will post 6.4457565 EPS 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.