Stella-Jones Inc. (TSE:SJ) Receives Average Rating of “Moderate Buy” from Brokerages

Stella-Jones Inc. (TSE:SJ) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$95.50.

A number of research firms recently commented on SJ. Royal Bank of Canada downgraded shares of Stella-Jones from an “outperform” rating to a “sector perform” rating and set a C$94.00 target price for the company. in a research note on Monday, July 8th. TD Securities upped their price objective on shares of Stella-Jones from C$98.00 to C$103.00 and gave the company a “buy” rating in a report on Thursday, August 8th. National Bankshares raised their price target on shares of Stella-Jones from C$91.00 to C$99.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Finally, CIBC lifted their price target on Stella-Jones from C$94.00 to C$97.00 in a research report on Thursday, August 8th.

Insider Buying and Selling

In related news, Director James Augustus Manzi sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$92.92, for a total value of C$464,583.48. 0.14% of the stock is owned by insiders.

Stella-Jones Stock Down 1.9 %

Shares of TSE SJ opened at C$89.86 on Tuesday. Stella-Jones has a 12-month low of C$61.94 and a 12-month high of C$98.00. The stock’s fifty day simple moving average is C$91.99 and its two-hundred day simple moving average is C$85.54. The stock has a market capitalization of C$5.06 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The company has a current ratio of 6.57, a quick ratio of 1.20 and a debt-to-equity ratio of 93.08.

Stella-Jones (TSE:SJ) last posted its earnings results on Wednesday, August 7th. The company reported C$1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.96 by C($0.02). The company had revenue of C$1.05 billion during the quarter, compared to analysts’ expectations of C$1.07 billion. Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. As a group, analysts expect that Stella-Jones will post 6.5134948 EPS for the current fiscal year.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.