Stella-Jones (TSE:SJ) Stock Gets Price Target Cut from National Bank Financial

Stella-Jones (TSE:SJ) had its price objective lowered by stock analysts at National Bank Financial from C$92.00 to C$80.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial‘s price target would indicate a potential upside of 25.41% from the company’s previous close.

Several other brokerages have also recently weighed in on SJ. Scotiabank reduced their target price on shares of Stella-Jones from C$93.00 to C$85.00 and set a “sector outperform” rating on the stock in a report on Wednesday, August 12th. Royal Bank Of Canada lowered their price target on shares of Stella-Jones from C$79.00 to C$76.00 in a report on Wednesday, September 30th. Raymond James Financial dropped their price objective on shares of Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th. Finally, Desjardins reduced their price objective on shares of Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$81.62.

Stella-Jones Stock Up 3.0%

SJ stock traded up C$1.87 during mid-day trading on Thursday, reaching C$63.79. The company had a trading volume of 215,202 shares, compared to its average volume of 171,178. The company has a debt-to-equity ratio of 75.40, a quick ratio of 1.20 and a current ratio of 5.25. The company has a market capitalization of C$3.48 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 2.40 and a beta of -0.12. The firm has a fifty day simple moving average of C$67.27 and a 200 day simple moving average of C$80.09. Stella-Jones has a fifty-two week low of C$58.37 and a fifty-two week high of C$101.31.

Stella-Jones (TSE:SJ) last announced its quarterly earnings data on Wednesday, November 4th. The company reported C$1.39 earnings per share (EPS) for the quarter. Stella-Jones had a return on equity of 12.35% and a net margin of 7.36%. The business had revenue of C$979.00 million during the quarter. Analysts forecast that Stella-Jones will post 6.45 earnings per share for the current fiscal year.

About Stella-Jones

Stella-Jones Inc (TSX: SJ) is a leading North American manufacturer of products focused on supporting infrastructure essential to the electrical distribution and transmission network, and the operation and maintenance of railway transportation systems. It supplies the continent’s major electrical utility companies with treated wood poles and crossarms, steel lattice towers and steel transmission poles, as well as North America’s Class 1, short line and commercial railroad operators with treated wood railway ties.