Stella-Jones Inc. (TSE:SJ) Receives C$88.50 Average Price Target from Brokerages

Stella-Jones Inc. (TSE:SJ) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$88.50.

Several analysts have weighed in on SJ shares. CIBC raised Stella-Jones from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$83.00 to C$86.00 in a research report on Wednesday, January 15th. TD Securities cut their price objective on 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. Scotiabank cut their price objective on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. Royal Bank of Canada cut their price objective on Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th. Finally, Cibc World Mkts raised Stella-Jones from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th.

Stella-Jones Stock Down 1.0 %

Shares of TSE:SJ opened at C$71.46 on Monday. The stock’s 50-day moving average price is C$71.33 and its 200-day moving average price is C$82.54. Stella-Jones has a 12-month low of C$65.43 and a 12-month high of C$98.00. The stock has a market capitalization of C$4.03 billion, a P/E ratio of 11.54, 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 announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.70 by C($0.28). Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. During the same period in the prior year, the firm earned $1.91 EPS. On average, equities analysts anticipate that Stella-Jones will post 6.4457565 earnings per share for the current year.

Stella-Jones Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.28 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.57%. Stella-Jones’s dividend payout ratio is presently 18.09%.

Insider Buying and Selling at Stella-Jones

In other Stella-Jones news, Senior Officer Richard Cuddihy acquired 500 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of C$70.85 per share, with a total value of C$35,424.00. Also, Director Rhodri Harries acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of C$70.50 per share, with a total value of C$352,500.00. In the last ninety days, insiders purchased 12,785 shares of company stock worth $896,221. Insiders own 0.14% of the company’s stock.

Stella-Jones Company Profile

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.