Scotiabank Cuts Stella-Jones (TSE:SJ) Price Target to C$85.00

Stella-Jones (TSE:SJ) had its price objective lowered by investment analysts at Scotiabank from C$95.00 to C$85.00 in a report released on Thursday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 15.13% from the stock’s current price.

SJ has been the topic of several other research reports. TD Securities upped their target price on Stella-Jones from C$98.00 to C$103.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Royal Bank of Canada increased their price objective on shares of Stella-Jones from C$94.00 to C$97.00 in a research note on Wednesday, October 9th. National Bankshares lifted their target price on shares of Stella-Jones from C$91.00 to C$99.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Finally, CIBC increased their price target on shares of Stella-Jones from C$94.00 to C$97.00 in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$88.00.

Stella-Jones Stock Performance

Shares of Stella-Jones stock traded down C$1.54 on Thursday, reaching C$73.83. 206,144 shares of the stock were exchanged, compared to its average volume of 137,862. The business has a fifty day moving average price of C$89.81 and a two-hundred day moving average price of C$87.81. Stella-Jones has a 1-year low of C$71.41 and a 1-year high of C$98.00. The firm has a market capitalization of C$4.16 billion, a PE ratio of 11.96, a PEG ratio of 2.40 and a beta of 0.64. The company has a current ratio of 6.57, a quick ratio of 1.20 and a debt-to-equity ratio of 93.08.

Stella-Jones (TSE:SJ) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$1.94 EPS for the quarter, missing the consensus estimate of C$1.96 by C($0.02). Stella-Jones had a return on equity of 20.64% and a net margin of 10.20%. The firm had revenue of C$1.05 billion for the quarter, compared to analysts’ expectations of C$1.07 billion. As a group, research analysts anticipate that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Insider Transactions at Stella-Jones

In related news, Director James Augustus Manzi sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$92.92, for a total transaction of C$464,583.48. Insiders own 0.14% of the company’s stock.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.