Royal Bank Of Canada Lowers Stella-Jones (TSE:SJ) Price Target to C$79.00

Stella-Jones (TSE:SJ) had its price target lowered by research analysts at Royal Bank Of Canada from C$82.00 to C$79.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 4.28% from the company’s previous close.

Several other brokerages have also weighed in on SJ. Scotiabank decreased their price objective on Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 28th. National Bank Financial reduced their target price on Stella-Jones from C$95.00 to C$92.00 and set a “sector perform” rating for the company in a research report on Friday. Desjardins lowered their price target on shares of Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating on the stock in a report on Friday. Canadian Imperial Bank of Commerce dropped their price objective on shares of Stella-Jones from C$87.00 to C$82.00 in a research note on Thursday, July 9th. Finally, TD reduced their price objective on shares of Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating for the company in a report on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Stella-Jones has a consensus rating of “Moderate Buy” and an average target price of C$91.50.

Stella-Jones Stock Performance

Shares of SJ traded up C$1.14 during trading hours on Friday, reaching C$75.76. 114,554 shares of the company traded hands, compared to its average volume of 150,135. The company has a debt-to-equity ratio of 80.71, a quick ratio of 1.20 and a current ratio of 4.96. The stock’s fifty day moving average is C$79.50 and its 200 day moving average is C$85.39. Stella-Jones has a 1-year low of C$69.94 and a 1-year high of C$101.31. The stock has a market cap of C$4.13 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07.

Stella-Jones (TSE:SJ) last released its earnings results on Thursday, August 6th. The company reported C$1.59 earnings per share for the quarter. Stella-Jones had a return on equity of 14.85% and a net margin of 8.66%.The business had revenue of C$1.04 billion for the quarter. Equities research analysts anticipate that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Anne Elizabeth Giardini acquired 1,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of C$71.25 per share, for a total transaction of C$71,250.00. Following the completion of the purchase, the director directly owned 3,400 shares of the company’s stock, valued at C$242,250. The trade was a 41.67% increase in their position. Also, Director Kenner James acquired 937 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of C$73.22 per share, with a total value of C$68,607.14. Following the completion of the acquisition, the director owned 1,834 shares of the company’s stock, valued at approximately C$134,285.48. This trade represents a 104.46% increase in their position. Insiders purchased 3,443 shares of company stock worth $247,814 in the last 90 days. 0.14% of the stock is owned by company insiders.

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. The vast majority of its revenue comes from the Pressure-treated wood segment.