Scotiabank Issues Pessimistic Forecast for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its price target reduced by investment analysts at Scotiabank from C$79.00 to C$76.00 in a research report issued on Thursday, BayStreet reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank‘s target price points to a potential upside of 15.41% from the company’s current price.

SJ has been the topic of several other research reports. Royal Bank Of Canada lowered their target price on shares of Stella-Jones from C$79.00 to C$76.00 in a report on Wednesday, September 30th. National Bank Financial cut their price target on shares of Stella-Jones from C$92.00 to C$80.00 and set a “sector perform” rating for the company in a report on Thursday. Canadian Imperial Bank of Commerce reduced their price target on shares of Stella-Jones from C$87.00 to C$82.00 in a research report on Thursday, July 9th. Raymond James Financial decreased 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 note on Friday, August 7th. Finally, Desjardins decreased 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 research note on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$81.62.

Stella-Jones Price Performance

SJ stock traded up C$0.84 during trading on Thursday, hitting C$65.85. The company had a trading volume of 197,386 shares, compared to its average volume of 172,112. The company has a fifty day moving average price of C$67.10 and a two-hundred day moving average price of C$79.86. The company has a current ratio of 4.86, a quick ratio of 1.20 and a debt-to-equity ratio of 70.31. The company has a market cap of C$3.59 billion, a P/E ratio of 13.95, a P/E/G ratio of 2.40 and a beta of 0.06. 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 results on Wednesday, November 4th. The company reported C$1.39 earnings per share for the quarter. The firm had revenue of C$979.00 million for the quarter. Stella-Jones had a return on equity of 10.40% and a net margin of 6.27%. Equities research analysts expect that Stella-Jones will post 6.45 earnings per share for the current fiscal year.

Trending Headlines about Stella-Jones

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

• Positive Sentiment: Management outlined up to $100 million in cost savings over three years and is targeting a full operating run rate at its Candiac facility by the end of Q1 2027. If achieved, the savings could improve margins. Article: Stella-Jones outlines up to $100M in 3-year cost savings
• Positive Sentiment: A recent analysis argues Stella-Jones shares look undervalued based on cash flow, which may appeal to investors focused on valuation. Article: Stella Jones Stock Looks Below Fair Value On Cash Flow
• Neutral Sentiment: Third-quarter sales rose, but adjusted earnings fell. The company also announced a normal-course issuer bid; the earnings trend is a concern, while the buyback could provide some support depending on its execution. Article: Stella-Jones Q3 adjusted earnings fall, sales rise; announces normal course issuer bid
• Negative Sentiment: Several firms cut their price targets, signaling more cautious expectations. Raymond James lowered its target to C$80, Desjardins to C$77, Scotiabank to C$76, TD to C$81, RBC to C$70, and National Bank Financial to C$80. Their ratings remain at outperform, buy, or sector perform, but the target reductions are a near-term sentiment headwind. Read More., Read More., Read More., Read More., Read More., Read More..

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.