Stella-Jones Inc. (TSE:SJ) – Desjardins decreased their FY2016 earnings per share (EPS) estimates for shares of Stella-Jones in a research note issued to investors on Tuesday. Desjardins analyst B. Poirier now forecasts that the brokerage will earn $2.36 per share for the year, down from their prior forecast of $2.49. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Stella-Jones’ Q4 2016 earnings at $0.43 EPS, FY2017 earnings at $2.41 EPS and FY2018 earnings at $2.59 EPS.

Earnings History and Estimates for Stella-Jones (TSE:SJ)

A number of other brokerages also recently issued reports on SJ. Scotiabank reiterated a “sector perform” rating and set a C$53.00 price objective on shares of Stella-Jones in a research note on Wednesday. TD Securities cut their price objective 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. GMP Securities reiterated a “buy” rating on shares of Stella-Jones in a research note on Wednesday, September 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$56.00 price objective on shares of Stella-Jones in a research note on Wednesday, July 20th. Finally, National Bank Financial cut their price objective on Stella-Jones from C$55.00 to C$50.00 and set an “outperform” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$52.25.

Stella-Jones (TSE:SJ) opened at 41.83 on Friday. The firm’s 50 day moving average is $45.61 and its 200 day moving average is $46.56. Stella-Jones has a 1-year low of $39.00 and a 1-year high of $54.00. The stock has a market capitalization of $2.90 billion and a P/E ratio of 17.88.

Stella-Jones Company Profile

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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