Stella-Jones (TSE:SJ) Price Target Lowered to C$82.00 at Royal Bank Of Canada

Stella-Jones (TSE:SJ) had its target price cut by stock analysts at Royal Bank Of Canada from C$85.00 to C$82.00 in a note issued to investors on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s price objective suggests a potential upside of 4.26% from the company’s previous close.

A number of other research firms have also commented on SJ. Canadian Imperial Bank of Commerce decreased their price objective on Stella-Jones from C$87.00 to C$82.00 in a research note on Thursday. Raymond James Financial cut their target price on shares of Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Desjardins reduced their target price on shares of Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. 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. Finally, TD decreased their price target on shares of Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$94.38.

Stella-Jones Price Performance

TSE:SJ traded down C$0.88 during trading hours on Thursday, reaching C$78.65. 106,099 shares of the company traded hands, compared to its average volume of 148,783. The company has a debt-to-equity ratio of 80.71, a current ratio of 4.96 and a quick ratio of 1.20. The firm’s 50-day moving average is C$78.63 and its 200-day moving average is C$86.72. The stock has a market cap of C$4.29 billion, a P/E ratio of 14.25, a P/E/G 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.

Stella-Jones (TSE:SJ) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$1.12 earnings per share for the quarter. Stella-Jones had a return on equity of 14.85% and a net margin of 8.66%.The company had revenue of C$791.00 million during the quarter. Equities research analysts expect that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Insider Transactions at Stella-Jones

In related news, Director Kenner James bought 937 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of C$73.22 per share, for a total transaction of C$68,607.14. Following the completion of the acquisition, the director owned 1,834 shares in the company, valued at C$134,285.48. This trade represents a 104.46% increase in their ownership of the stock. Also, Director Anne Elizabeth Giardini purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of C$71.25 per share, with a total value of C$71,250.00. Following the transaction, the director directly owned 3,400 shares of the company’s stock, valued at C$242,250. The trade was a 41.67% increase in their position. Insiders have purchased a total of 3,443 shares of company stock worth $247,814 in the last three months. Company 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.