Stella-Jones (TSE:SJ) Price Target Cut to C$81.00 by Analysts at TD

Stella-Jones (TSE:SJ) had its price objective reduced by TD from C$93.00 to C$81.00 in a report issued on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD‘s target price suggests a potential upside of 26.98% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Scotiabank reduced their price target on shares of Stella-Jones from C$79.00 to C$76.00 and set a “sector outperform” rating on the stock in a research note on Thursday. Raymond James Financial lowered their price objective on shares of Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Desjardins dropped their target price 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. Canadian Imperial Bank of Commerce dropped their target price on shares of Stella-Jones from C$87.00 to C$82.00 in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada reduced their target price on shares of Stella-Jones from C$79.00 to C$76.00 in a research report on Wednesday, September 30th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$81.62.

Stella-Jones Trading Up 3.0%

Stella-Jones stock traded up C$1.87 during mid-day trading on Thursday, hitting C$63.79. The company’s stock had a trading volume of 215,202 shares, compared to its average volume of 171,178. The company has a debt-to-equity ratio of 75.40, a quick ratio of 1.20 and a current ratio of 5.25. The company has a 50 day moving average of C$67.27 and a 200-day moving average of C$80.09. Stella-Jones has a one year low of C$58.37 and a one year high of C$101.31. The stock has a market cap of C$3.48 billion, a PE ratio of 13.51, a P/E/G ratio of 2.40 and a beta of -0.12.

Stella-Jones (TSE:SJ) last released its earnings results on Wednesday, November 4th. The company reported C$1.39 earnings per share for the quarter. The business had revenue of C$979.00 million during the quarter. Stella-Jones had a return on equity of 12.35% and a net margin of 7.36%. On average, research analysts anticipate that Stella-Jones will post 6.45 EPS for the current year.

Stella-Jones Company Profile

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.