Stella-Jones (TSE:SJ) Price Target Lowered to C$79.00 at Scotiabank

Stella-Jones (TSE:SJ) had its price target cut by Scotiabank from C$85.00 to C$79.00 in a report published on Monday morning,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. TD Securities reduced their price target on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. CIBC raised Stella-Jones from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$83.00 to C$86.00 in a report on Wednesday, January 15th. Royal Bank of Canada lowered their price target on shares of Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. Finally, Cibc World Mkts upgraded shares of Stella-Jones from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$86.60.

Stella-Jones Stock Up 3.9 %

Stella-Jones stock opened at C$71.90 on Monday. The firm has a 50 day simple moving average of C$70.44 and a 200 day simple moving average of C$78.91. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. Stella-Jones has a 1-year low of C$65.13 and a 1-year high of C$98.00. The firm has a market capitalization of C$4.02 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 2.40 and a beta of 0.64.

Stella-Jones Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Tuesday, April 1st will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.72%. This is a boost from Stella-Jones’s previous quarterly dividend of $0.28. Stella-Jones’s dividend payout ratio (DPR) is presently 19.56%.

Insider Activity

In related news, Director Patrick Kirkham acquired 2,035 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of C$70.36 per share, with a total value of C$143,179.34. Corporate insiders own 0.14% of the company’s stock.

About Stella-Jones

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.