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

Stella-Jones Inc. (TSE:SJ) has earned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$88.00.

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

Stella-Jones Price Performance

SJ stock opened at C$73.50 on Thursday. The firm’s 50-day moving average price is C$73.81 and its two-hundred day moving average price is C$84.74. The stock has a market capitalization of C$4.14 billion, a price-to-earnings ratio of 11.87, a PEG 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 has a 12-month low of C$67.13 and a 12-month high of C$98.00.

Stella-Jones Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.52%. Stella-Jones’s dividend payout ratio (DPR) is presently 18.09%.

Insiders Place Their Bets

In other Stella-Jones news, Director Patrick Kirkham purchased 2,035 shares of the stock in a transaction on Thursday, December 19th. The shares were bought at an average price of C$70.36 per share, for a total transaction of C$143,179.34. Also, Director Rhodri Harries purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of C$70.50 per share, with a total value of C$352,500.00. Over the last 90 days, insiders acquired 12,785 shares of company stock valued at $896,221. 0.14% of the stock is currently owned by corporate insiders.

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.