Stella-Jones (TSE:SJ) Given New C$90.00 Price Target at Raymond James Financial

Stella-Jones (TSE:SJ) had its price objective dropped by investment analysts at Raymond James Financial from C$95.00 to C$90.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target would suggest a potential upside of 15.00% from the stock’s current price.

A number of other analysts have also issued reports on SJ. Scotiabank reduced their target price on Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating for the company in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce lowered their price target on Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th. Desjardins dropped their price target on Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. National Bank Financial downgraded Stella-Jones from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from C$107.00 to C$95.00 in a research note on Wednesday, April 8th. Finally, TD decreased their price objective on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Stella-Jones has a consensus rating of “Moderate Buy” and a consensus target price of C$93.75.

Stella-Jones Trading Up 1.8%

Shares of SJ stock traded up C$1.40 during trading hours on Monday, reaching C$78.26. 60,534 shares of the stock traded hands, compared to its average volume of 148,270. The company has a quick ratio of 1.20, a current ratio of 4.96 and a debt-to-equity ratio of 80.71. The firm has a market capitalization of C$4.27 billion, a PE ratio of 14.18, a PEG ratio of 2.40 and a beta of -0.07. Stella-Jones has a 1-year low of C$69.94 and a 1-year high of C$101.31. The business has a fifty day moving average price of C$78.86 and a 200 day moving average price of C$86.05.

Stella-Jones (TSE:SJ) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$1.12 EPS for the quarter. Stella-Jones had a net margin of 8.66% and a return on equity of 14.85%. The firm had revenue of C$791.00 million during the quarter. On average, equities research analysts forecast that Stella-Jones will post 6.4457565 EPS for the current year.

Insider Activity

In other news, Director Anne Elizabeth Giardini purchased 1,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of C$71.25 per share, with a total value of C$71,250.00. Following the completion of the transaction, the director directly owned 3,400 shares in the company, valued at C$242,250. This trade represents a 41.67% increase in their position. Also, Director Kenner James acquired 937 shares of Stella-Jones stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of C$73.22 per share, with a total value of C$68,607.14. Following the completion of the purchase, the director directly owned 1,834 shares of the company’s stock, valued at C$134,285.48. The trade was a 104.46% increase in their position. Insiders have bought a total of 3,443 shares of company stock valued at $247,814 over the last 90 days. 0.14% of the stock is currently owned by company 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.