Stella-Jones (TSE:SJ) Price Target Cut to C$81.00 by Analysts at Royal Bank of Canada

Stella-Jones (TSE:SJ) had its price target decreased by Royal Bank of Canada from C$97.00 to C$81.00 in a research report released on Thursday,BayStreet.CA reports.

SJ has been the topic of several other reports. National Bankshares boosted their price objective on Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Scotiabank lowered their price objective on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday. CIBC boosted their price objective on Stella-Jones from C$94.00 to C$97.00 in a research report on Thursday, August 8th. Finally, TD Securities lifted their target price on Stella-Jones from C$98.00 to C$103.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Stella-Jones presently has an average rating of “Moderate Buy” and an average price target of C$88.00.

Stella-Jones Stock Performance

TSE SJ traded down C$1.71 on Thursday, hitting C$72.55. 143,409 shares of the company traded hands, compared to its average volume of 138,820. The company has a market capitalization of C$4.09 billion, a price-to-earnings ratio of 12.00, a P/E/G 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. The business’s 50 day moving average price is C$89.52 and its 200-day moving average price is C$87.72. Stella-Jones has a 52-week low of C$71.41 and a 52-week high of C$98.00.

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

Stella-Jones Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Monday, December 2nd. Stella-Jones’s payout ratio is presently 18.09%.

Insider Transactions at Stella-Jones

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

Stella-Jones Company Profile

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.