Stella-Jones (TSE:SJ) Price Target Cut to C$70.00 by Analysts at Royal Bank Of Canada

Stella-Jones (TSE:SJ) had its price target dropped by stock analysts at Royal Bank Of Canada from C$76.00 to C$70.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price objective points to a potential upside of 9.74% from the company’s previous close.

SJ has been the topic of a number of other research reports. Scotiabank cut their price target on shares of Stella-Jones from C$79.00 to C$76.00 and set a “sector outperform” rating on the stock in a research note on Thursday. National Bank Financial decreased their price target on shares of Stella-Jones from C$92.00 to C$80.00 and set a “sector perform” rating on the stock in a report on Thursday. TD lowered their price objective on shares of Stella-Jones from C$93.00 to C$81.00 and set a “buy” rating for the company in a research note on Thursday. Canadian Imperial Bank of Commerce dropped their price objective on Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th. Finally, Raymond James Financial cut their target price on Stella-Jones from C$83.00 to C$80.00 and set an “outperform” rating on the stock in a research report on Thursday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Stella-Jones has a consensus rating of “Moderate Buy” and an average price target of C$81.62.

Stella-Jones Trading Up 3.0%

Shares of TSE SJ traded up C$1.87 on Thursday, reaching C$63.79. 215,202 shares of the company traded hands, compared to its average volume of 171,178. Stella-Jones has a fifty-two week low of C$58.37 and a fifty-two week high of C$101.31. The company has a 50 day moving average of C$67.27 and a 200 day moving average of C$80.09. The company has a current ratio of 5.25, a quick ratio of 1.20 and a debt-to-equity ratio of 75.40. The stock has a market capitalization of C$3.48 billion, a PE ratio of 13.51, a P/E/G ratio of 2.40 and a beta of -0.12.

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

Stella-Jones Company Profile

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.