Stella-Jones Inc. (TSE:SJ) Receives C$88.00 Average PT from Analysts

Shares of Stella-Jones Inc. (TSE:SJ) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$88.00.

A number of research firms recently issued reports on SJ. CIBC lowered their target price on Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday, November 7th. Royal Bank of Canada reduced their price target on shares of Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. Scotiabank dropped their price objective on shares of Stella-Jones from C$95.00 to C$85.00 in a report on Thursday, November 7th. Finally, TD Securities cut their price objective on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th.

Insider Activity at Stella-Jones

In other Stella-Jones news, Senior Officer Richard Cuddihy bought 500 shares of the stock in a transaction dated Wednesday, November 13th. The shares were bought at an average cost of C$70.85 per share, with a total value of C$35,424.00. Also, Director James Augustus Manzi sold 5,000 shares of Stella-Jones stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$92.92, for a total transaction of C$464,583.48. In the last 90 days, insiders have purchased 10,550 shares of company stock worth $739,052. Insiders own 0.14% of the company’s stock.

Stella-Jones Stock Performance

Shares of TSE:SJ opened at C$68.16 on Wednesday. The firm’s 50 day simple moving average is C$86.88 and its 200 day simple moving average is C$87.24. Stella-Jones has a fifty-two week low of C$67.13 and a fifty-two week high of C$98.00. The company has a market capitalization of C$3.84 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 2.40 and a beta of 0.64. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20.

Stella-Jones Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, December 2nd. Stella-Jones’s payout ratio is presently 18.09%.

About Stella-Jones

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.