Raymond James Financial Cuts Stella-Jones (TSE:SJ) Price Target to C$90.00

Stella-Jones (TSE:SJ) had its target price reduced by Raymond James Financial from C$95.00 to C$90.00 in a research report report published on Monday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on SJ. Desjardins reduced their price objective on Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. TD cut their price target on shares of Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Scotiabank reduced their price target on shares of Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 28th. Royal Bank Of Canada decreased their price objective on shares of Stella-Jones from C$85.00 to C$82.00 in a report on Thursday, July 9th. Finally, National Bank Financial lowered shares of Stella-Jones from an “outperform” rating to a “hold” rating and lowered their price objective for the stock from C$107.00 to C$95.00 in a research report on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$93.75.

Stella-Jones Stock Performance

SJ stock opened at C$77.53 on Monday. The firm has a market cap of C$4.23 billion, a PE ratio of 14.05, a P/E/G ratio of 2.40 and a beta of -0.07. The company has a quick ratio of 1.20, a current ratio of 4.96 and a debt-to-equity ratio of 80.71. The business has a 50 day moving average of C$79.23 and a 200-day moving average of C$85.85. Stella-Jones has a 12-month low of C$69.94 and a 12-month high of C$101.31.

Stella-Jones (TSE:SJ) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.12 EPS for the quarter. The business had revenue of C$791.00 million for the quarter. Stella-Jones had a return on equity of 14.85% and a net margin of 8.66%. As a group, sell-side analysts expect that Stella-Jones will post 6.4457565 earnings per share for the current year.

Insider Activity

In other news, Director Anne Elizabeth Giardini purchased 1,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of C$71.25 per share, for a total transaction of C$71,250.00. Following the purchase, the director owned 3,400 shares of the company’s stock, valued at C$242,250. The trade was a 41.67% increase in their ownership of the stock. Also, Director Kenner James bought 937 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of C$73.22 per share, with a total value of C$68,607.14. Following the transaction, the director directly 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 ownership of the stock. Insiders have bought 3,443 shares of company stock valued at $247,814 in the last 90 days. Insiders own 0.14% of the company’s stock.

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.