Stella-Jones (TSE:SJ) Given New C$104.00 Price Target at Desjardins

Stella-Jones (TSE:SJ) had its price objective cut by stock analysts at Desjardins from C$107.00 to C$104.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 39.22% from the stock’s previous close.

Several other analysts have also recently commented on the company. TD dropped their price target on Stella-Jones from C$107.00 to C$106.00 and set a “buy” rating for the company in a research report on Tuesday. Scotiabank decreased their price target on shares of Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 28th. Raymond James Financial lowered their price target on shares of Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating on the stock in a research report on Thursday. Royal Bank Of Canada dropped their price objective on shares of Stella-Jones from C$93.00 to C$85.00 and set a “sector perform” rating for the company in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce cut their price objective on shares of Stella-Jones from C$96.00 to C$87.00 in a report on Thursday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Stella-Jones presently has a consensus rating of “Moderate Buy” and a consensus price target of C$97.00.

Stella-Jones Stock Performance

TSE SJ traded down C$2.31 on Thursday, hitting C$74.70. 243,548 shares of the company’s stock traded hands, compared to its average volume of 134,032. The firm’s 50-day moving average price is C$90.25 and its two-hundred day moving average price is C$88.28. The firm has a market capitalization of C$4.08 billion, a PE ratio of 12.27, a P/E/G ratio of 2.40 and a beta of -0.15. The company has a current ratio of 7.40, a quick ratio of 1.20 and a debt-to-equity ratio of 92.30. Stella-Jones has a 1-year low of C$70.98 and a 1-year high of C$101.31.

Stella-Jones (TSE:SJ) last issued its earnings results on Wednesday, May 6th. The company reported C$1.12 earnings per share (EPS) for the quarter. The firm had revenue of C$791.00 million during the quarter. Stella-Jones had a net margin of 9.65% and a return on equity of 16.67%. As a group, analysts expect that Stella-Jones will post 6.4457565 EPS for the current year.

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.