Stella-Jones (TSE:SJ) Price Target Raised to C$100.00

Stella-Jones (TSE:SJ) had its price target raised by CIBC World Markets from C$90.00 to C$100.00 in a research report sent to investors on Saturday,BayStreet.CA reports.

Several other analysts have also issued reports on the company. TD Securities boosted their target price on Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. National Bankshares lifted their price objective on Stella-Jones from C$95.00 to C$107.00 and gave the stock an “outperform” rating in a report on Monday, December 15th. Desjardins set a C$102.00 price objective on Stella-Jones and gave the company a “buy” rating in a research note on Friday, December 12th. Canadian Imperial Bank of Commerce upped their price objective on shares of Stella-Jones from C$90.00 to C$100.00 in a report on Friday. Finally, Scotiabank upgraded shares of Stella-Jones from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$88.00 to C$98.00 in a research report on Thursday, January 29th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Stella-Jones currently has a consensus rating of “Moderate Buy” and a consensus target price of C$98.88.

Stella-Jones Stock Up 0.6%

Shares of TSE:SJ opened at C$98.42 on Friday. The business’s 50 day moving average is C$88.30 and its 200 day moving average is C$82.90. Stella-Jones has a 12-month low of C$62.26 and a 12-month high of C$99.60. The stock has a market cap of C$5.40 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 2.40 and a beta of -0.17. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53.

Stella-Jones (TSE:SJ) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$1.59 earnings per share for the quarter. Stella-Jones had a net margin of 9.43% and a return on equity of 18.36%. The business had revenue of C$958.00 million for the quarter. On average, sell-side analysts forecast that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Insider Buying and Selling at Stella-Jones

In other Stella-Jones news, Director Michelle Annette Banik purchased 472 shares of Stella-Jones stock in a transaction on Wednesday, November 12th. The shares were acquired at an average cost of C$84.60 per share, for a total transaction of C$39,931.20. Following the completion of the transaction, the director directly owned 472 shares of the company’s stock, valued at approximately C$39,931.20. The trade was a ∞ increase in their ownership of the stock. Corporate 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. The vast majority of its revenue comes from the Pressure-treated wood segment.