Stella-Jones Inc. (TSE:SJ) Given Average Rating of “Buy” by Analysts
Shares of Stella-Jones Inc. (TSE:SJ) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the company. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$55.30.
A number of brokerages have recently commented on SJ. TD Securities dropped their price target on Stella-Jones from C$59.00 to C$56.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. Scotiabank reiterated a “sector perform” rating and issued a C$53.00 price target on shares of Stella-Jones in a research note on Thursday, August 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$56.00 price target on shares of Stella-Jones in a research note on Wednesday, July 20th. Finally, Desjardins upgraded Stella-Jones from a “hold” rating to a “buy” rating in a research note on Monday, September 19th.
Stella-Jones (TSE:SJ) traded up 2.35% on Wednesday, reaching $46.17. The company’s stock had a trading volume of 126,289 shares. Stella-Jones has a 52-week low of $39.00 and a 52-week high of $54.00. The stock has a market cap of $3.20 billion and a price-to-earnings ratio of 19.73. The firm’s 50-day moving average price is $44.82 and its 200-day moving average price is $46.89.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 23rd were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.89%.
Stella-Jones Inc is a Canada-based producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and electrical utilities and telecommunication companies with utility poles. It also provides residential lumber and customized services to retailers and wholesalers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal-tar based products.
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