Stella-Jones (TSE:SJ) Hits New 12-Month High – Here’s Why

Stella-Jones Inc. (TSE:SJ) reached a new 52-week high during trading on Wednesday . The company traded as high as C$89.76 and last traded at C$89.09, with a volume of 60717 shares. The stock had previously closed at C$87.88.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Scotiabank lifted their price objective on shares of Stella-Jones from C$81.00 to C$88.00 in a research report on Friday, October 17th. TD Securities raised their price objective on Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Raymond James Financial set a C$100.00 price target on Stella-Jones and gave the company an “outperform” rating in a research note on Thursday, November 20th. Cibc World Mkts downgraded Stella-Jones from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Finally, National Bankshares increased their target price on Stella-Jones from C$95.00 to C$107.00 and gave the company an “outperform” rating in a research report on Monday, December 15th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$95.71.

Stella-Jones Trading Up 1.4%

The company has a 50-day moving average price of C$85.99 and a two-hundred day moving average price of C$81.70. The stock has a market cap of C$4.89 billion, a P/E ratio of 14.58, a P/E/G ratio of 2.40 and a beta of -0.24. 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 (TSE:SJ) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$1.59 EPS for the quarter. Stella-Jones had a net margin of 9.43% and a return on equity of 18.36%. The company had revenue of C$958.00 million during the quarter. On average, research analysts expect that Stella-Jones Inc. will post 6.4457565 EPS for the current fiscal year.

Insider Transactions at Stella-Jones

In other news, Director Michelle Annette Banik acquired 472 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was acquired at an average price of C$84.60 per share, with a total value of C$39,931.20. Following the completion of the purchase, the director directly owned 472 shares in the company, valued at approximately C$39,931.20. This trade represents a ∞ increase in their ownership of the stock. 0.14% of the stock is currently owned by 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. The vast majority of its revenue comes from the Pressure-treated wood segment.