Stella-Jones (TSE:SJ) Share Price Passes Above Two Hundred Day Moving Average of $86.05

Stella-Jones Inc. (TSE:SJ)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$86.05 and traded as high as C$89.99. Stella-Jones shares last traded at C$89.13, with a volume of 109,248 shares.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SJ. Royal Bank of Canada cut 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 report on Monday, July 8th. TD Securities lifted their target price on Stella-Jones from C$98.00 to C$103.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. National Bankshares increased their price target on Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Finally, CIBC upped their price objective on Stella-Jones from C$94.00 to C$97.00 in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$95.50.

Stella-Jones Price Performance

The company has a current ratio of 6.57, a quick ratio of 1.20 and a debt-to-equity ratio of 93.08. The company has a market capitalization of C$5.02 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The stock’s 50-day moving average is C$91.54 and its two-hundred day moving average is C$86.05.

Stella-Jones (TSE:SJ) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$1.94 earnings per share for the quarter, missing the consensus estimate of C$1.96 by C($0.02). Stella-Jones had a return on equity of 20.64% and a net margin of 10.20%. The business had revenue of C$1.05 billion during the quarter, compared to analysts’ expectations of C$1.07 billion. On average, equities analysts predict that Stella-Jones Inc. will post 6.4457565 EPS for the current year.

Insider Transactions at Stella-Jones

In other Stella-Jones news, Director James Augustus Manzi sold 5,000 shares of the business’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. Corporate insiders own 0.14% of the company’s stock.

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.