Stella-Jones (TSE:SJ) Insider Marco Albanesi Purchases 206 Shares of Stock

Stella-Jones Inc. (TSE:SJ) insider Marco Albanesi bought 206 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of C$73.00 per share, with a total value of C$15,038.00. Following the completion of the acquisition, the insider directly owned 826 shares in the company, valued at C$60,298. This represents a 33.23% increase in their position.

Stella-Jones Stock Performance

TSE:SJ opened at C$74.24 on Wednesday. The company has a current ratio of 4.96, a quick ratio of 1.20 and a debt-to-equity ratio of 80.71. The firm has a 50-day moving average price of C$88.55 and a two-hundred day moving average price of C$88.10. Stella-Jones Inc. has a twelve month low of C$69.94 and a twelve month high of C$101.31. The company has a market capitalization of C$4.05 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 2.40 and a beta of -0.15.

Stella-Jones (TSE:SJ) last posted its earnings results on Wednesday, May 6th. The company reported C$1.12 earnings per share 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. As a group, research analysts expect that Stella-Jones Inc. will post 6.4457565 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. National Bank Financial downgraded shares of Stella-Jones from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$107.00 to C$95.00 in a report on Wednesday, April 8th. Royal Bank Of Canada dropped their target price on shares of Stella-Jones from C$93.00 to C$85.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Desjardins lowered their price target on shares of Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce lowered their price target on shares of Stella-Jones from C$96.00 to C$87.00 in a report on Thursday, May 7th. Finally, TD lowered their price target on shares of Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating for the company in a report on Monday. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Stella-Jones currently has an average rating of “Moderate Buy” and a consensus price target of C$95.38.

Stella-Jones News Summary

Here are the key news stories impacting Stella-Jones this week:

• Positive Sentiment: Several Stella-Jones directors and insiders bought shares in recent transactions, which investors often view as a bullish signal that leadership sees value at current levels.
• Neutral Sentiment: TD lowered its price target on Stella-Jones to C$93 from C$106, but kept a Buy rating, suggesting the stock still has upside despite a more cautious valuation view. Stella-Jones (TSE:SJ) Price Target Lowered to C$93.00 at TD
• Neutral Sentiment: The company’s latest quarterly results were solid, with earnings of C$1.12 per share on revenue of C$791 million, but analysts have recently trimmed targets across the sector, creating mixed sentiment for the stock.

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.