Stella-Jones (TSE:SJ) Reaches New 1-Year High Following Analyst Upgrade

Stella-Jones Inc. (TSE:SJ)’s stock price hit a new 52-week high during mid-day trading on Monday after National Bankshares raised their price target on the stock from C$95.00 to C$107.00. National Bankshares currently has an outperform rating on the stock. Stella-Jones traded as high as C$88.46 and last traded at C$87.84, with a volume of 15131 shares traded. The stock had previously closed at C$87.72.

Several other analysts have also issued reports on SJ. Cibc World Mkts lowered shares of Stella-Jones from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada upped their price target on Stella-Jones from C$78.00 to C$87.00 and gave the company a “sector perform” rating in a report on Wednesday, October 8th. Desjardins set a C$102.00 price objective on Stella-Jones and gave the stock a “buy” rating in a research report on Friday, December 12th. TD Securities boosted their price objective on Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Raymond James Financial set a C$100.00 target price on Stella-Jones and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$95.71.

Insiders Place Their Bets

In related news, Director Michelle Annette Banik purchased 472 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average cost of C$84.60 per share, for a total transaction of C$39,931.20. Following the completion of the purchase, the director owned 472 shares in the company, valued at approximately C$39,931.20. This represents a ∞ increase in their position. 0.14% of the stock is owned by company insiders.

Stella-Jones Trading Up 0.4%

The company has a market capitalization of C$4.75 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 2.40 and a beta of -0.22. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. The business’s 50 day moving average price is C$82.77 and its two-hundred day moving average price is C$79.98.

Stella-Jones (TSE:SJ) last issued its earnings results on Wednesday, November 5th. The company reported C$1.59 earnings per share for the quarter. The firm had revenue of C$958.00 million for the quarter. Stella-Jones had a net margin of 9.43% and a return on equity of 18.36%. On average, equities analysts predict that Stella-Jones Inc. will post 6.4457565 earnings per share for the current fiscal year.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.